China, Venezuela Seek Mutually Beneficial Partnership

China, Venezuela Seek Mutually Beneficial Partnership

CARACAS, Venezuela -- Fond of mocking George W. Bush and railing at the U.S, Venezuelan President Hugo Chavez has called his country's number one oil customer, otherwise known as "the empire," the greatest threat to human existence today.

On the verge of reelection, Chavez has said that his geopolitical mission is nothing less than "saving the world" from the evils of U.S-style capitalism. As part of this plan, say analysts, Chavez has reached out to China.

Eager for oil to fuel its economy, China has agreed to form a "strategic alliance" with Venezuela, strengthening bilateral ties through oil agreements and other accords.

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