Chavez says that the upcoming visit to China will deepen comprehensive bilateral cooperation relations in oil and technological projects, as well as the supply of Chinese agricultural machinery and industries, and a series of joint ventures under a $6 billion binational fund. "China and Venezuela are two sisters revolutions building socialism: China with its own characteristics and Venezuela with our's ... that is the way!"
Chavez has already visited China four times (1999, 2001, 2004 and 2006) since he assumed the Presidency of the Republic of Venezuela in February 1999 after a landslide election in December 1998. He is a solid defender of "socialism of the 21st century" which is more often than not confused by Washington DC as a drive towards failed communism, which has led to the United States' alienation of the Venezuelan leader and other socialist presidents in South America as 'anti-capitalist dictators.'
Meanwhile, in a new alignment of international politics, Chavez has sought and gained rapprochement with the Russian Federation and with China, which latter he lauds for its generosity in allow the transfer of technology for the development of a number of joint industrial projects.
The United States had, nevertheless, sought to place unilateral embargoes on technology transfers to Venezuela which has led Chavez to reject United States hegemony and form friendships with nations which are loosely described as being in the anti-American sphere of world affairs.
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