BEIJING, January 8. /TASS/. China will make additional investments in the energy, mining and agriculture of Venezuela, spokesperson of China’s Foreign Ministry Hong Lei told a news conference on Thursday.

“Venezuela’s government now undertakes measures to develop and transform the economy, and China supports those measures,” the diplomat said. “Using the working financial mechanisms between our countries, we shall made additional investments in the energy, mining, agriculture and other spheres to provide technology innovations and to organise new infrastructures [in Venezuela].”

“We believe the present visit [of Venezuela’s President Nikolas Maduro] will favour development of mutual trust, practical mutual understanding between the countries and will improve the bilateral relations.”

Earlier on Thursday, Maduro said after a meeting with China’s President Xi Jinping that China planned to invest additional $20 billion in Venezuela’s economy.