Chávez: Venezuelan economy is not teetering http://www.telesurtv.net/noticias/secciones/nota/71938-NN/chavez-economia-venezolana-no-se-tambalea/

Venezuelan President Hugo Chavez said Friday that his economy does not wobble, as claimed by their opponents and recalled that we have the tools to face the difficulties created by the global financial crisis. "Our economy is is not stumbling,we are here  to face these difficulties," he said in a meeting with the directors of the Chinese company Haier largest appliance maker in the Asian nation. 

Chavez said that Venezuela has strength in its economy and the difficulties only  presented themselves after the impact of the global capitalist crisis wich is being faced directly because "we know where we are going." "We have economic strength and political and social strength, we have problems, of course we have them, but we know where we go," he said. The president recalled the economic advances during his tenure, and how favorable employment rates have remained, unlike other countries where employment has risen. 

He rejected statements by opposition spokesmen media against their own country, saying that the Venezuelan economy compared to the Greek. With the rise of so-called parallel dollar "in recent days, which has generated the rise in prices and led to speculation, the president announced that his team is investigating the" mafias "that place" arbitrarily "the price of illegal currency.  "We want to end the abuses of the stock market," the president stated in front of Chinese representative to several enpresarios and part of his government team. 

The National Assembly (AN) of Venezuela approved on Thursday during the second discussion the Law of Partial Reform of the Law against Illegal Exchange, which amendmened  to curb the rise of so-called parallel or exchange U.S. dollars and its negative impact on inflation in the country. Most Venezuelan deputies, adopted in final debate reform of the Law against Illegal Exchange, of the 167 seats only a dozen lawmakers rejected the amendment. 

The proposal, presented by the Standing Committee on Finance of the AN, for the sake of stabilization of prices on goods and services, set up the reform of three articles of the legislation in force since February 27, 2008. Appliances at low prices for Venezuelan The Government of Venezuela signed Friday an agreement with the company Haier largest appliance maker in the mainland of China for the formation of a joint venture to produce appliances in Venezuela. 

According to the trade minister, Richard Canan, white goods such as washing machines, stoves and refrigerators from August to reach the South American nation to be sold to the public at a price 40 percent below the market. For his part, Bush said that the intention of offering the products is to give the Venezuelan family the greatest happiness and better quality of life.