Venezuela, China to remain close after presidential election: analyst

The interview was conducted before latest news coming out that President Hugo Chavez has won the election carrying 54 percent of the votes with 90 percent of the ballots counted/XINHUA

“I don’t see much change in Venezuela’s relations with China no matter who wins,” Eric Farnsworth told Xinhua. “This is a commercial relationship and Venezuela needs markets.”

The interview was conducted before latest news coming out that President Hugo Chavez has won the election carrying 54 percent of the votes with 90 percent of the ballots counted.

“Chavez remains popular with many Venezuelans because he has transparently transferred income from oil exports to the lower classes,” Farnsworh said.

In recent years Chavez had overcome a series of formidable challenges, including a coup attempt in April 2002, a general strike later that year and a referendum on his rule in 2004. But after all of those, he was re-elected in 2006.

Some 19 million Venezuelans went to the polls on Sunday while 100,000 others voted overseas.

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XINHUA

Xinhua News Agency, founded on November 7, 1931, is China’s national news agency as well as a global news and information network. Xinhua has set up a global news and information gathering network, with headquarters in Beijing, 33 domestic bureaus in provinces, autonomous regions and municipalities plus the special administrative regions of Hong Kong and Macao, as well as 140 bureaus in the rest of the world. Xinhua is yet to set up a bureau in Taiwan, where it has posted resident correspondents. Xinhua provides its worldwide subscribers with news and financial information products in the forms of text, photo, graphics, audio, video, and mobile phone text messages 24 hours a day in eight languages: Chinese, English, French, Russian, Spanish, Arabic, Portuguese and Japanese.

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