PRESS RELEASE: Venezuela, China strengthen automobile and agricultural cooperation

PRESS RELEASE: Venezuela, China strengthen automobile and agricultural cooperation

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Venezuela and the People’s Republic of China reviewed bilateral agreements and initiatives in the vehicle and agricultural sectors with the goal of such as the Asian giant within the growth of the state’s efficient capacities in these sectors.

The Vice President of Planning, Ricardo Menendez, who heads the Venezuelan delegation paying an operating visit in Beijing, stated that a few bilateral meetings were held in China to discuss these troubles, that are aimed at strengthening the agricultural and industrial production of Venezuela.


Menendez, who is also the USA’s chairman of the China-Venezuela High-Level Joint Commission, stated that a group of organizations from the automobile region expressed their aim to put in productive capacities in Venezuela to fabricate personal vehicles, light duty, and medium responsibility utility automobiles.

 

 

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He brought that a running institution became additionally set up to evaluate the installation of a truck manufacturing unit in the United States of America, whose first settlement became signed on the closing Joint Commission. He defined that an engine manufacturing line has now been blanketed into the settlement.
“The maximum crucial part of this technical secretariat is the brand new productive capacities that Chinese organizations want to put in in our u. S . A .,” he said according to a press release from the Ministry of Planning.
He talked about a few Chinese organizations held a video conference with the Minister for Agricultural Production and Lands, Wilmar Castro Soteldo, to comprise China’s technological power within the areas of mechanized cultivation and cotton production.
Menendez said Additionally they assessed the challenge of a cotton-ginning manufacturing facility positioned in Caicara del Orinoco, as well as plans for cooperation within the Madre Plant, placed in Monaco, which is ready to be inaugurated.

Think in the Long Term (for Models)

Buy the car you want – but only after it is at least two years old, and three would be better. By doing this, you automatically save hundreds of thousands of dollars over your lifetime.

When I was 23, I wanted to buy a nice four-door sedan, and I was drawn to the Cadillac STS. The new model had a base price of more $50,000, and with any kind of little extras the sticker was almost $55,000. I was doing very well at a young age, but I wasn’t doing that well to blow 50 grand on a new car.

I was thumbing through my local paper (yes, this was before the Internet changed everything) and saw an ad for a 2½ year old Cadillac STS for $19,500. The car had less than 40,000 miles on it and came with an extended warranty to 90,000 miles. It was gorgeous, shiny and just serviced.

It was an attractive price since the first owner was eating the depreciation.

According to the average car will lose 11 percent of its value the second you roll it off the lot and an additional 15 percent to 20 percent the first year you own it. The second-year depreciation (loss) is another 15 percent, for a loss of at least 45 percent over the first two years.

 

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