Venezuelan President Nicolas Maduro meets with a Chinese enterprises delegation, in Caracas, Venezuela, on Aug. 6, 2015. (Xinhua/Boris Vergara)

CARACAS, Aug. 17 (Xinhua) -- Venezuelan President Nicolas Maduro has praised the close relationship between Caracas and Beijing, after the 5th Technical Secretariat of the Mixed Venezuela-China High Level Committee (CMAN).

"It is a multi-dimensional relationship, which is spiritual, cultural and deep," said Maduro Tuesday during an address to a group of Chinese academics in the Venezuelan capital.

Maduro also exalted the achievements made through bilateral cooperation, including joint exploration in the Orinoco Mining Arc and the Orinoco Oil Belt.

He added that joint contracts for new mining projects in Venezuela are planned for a value of 20 billion U.S. dollars.

Furthermore, Maduro said that 60 percent of the wealth generated from projects in the Orinoco Mining Arc would be destined to social investment plans, such as housing, healthcare, education, tourism, culture and recreation.

Photo taken on Aug. 4, 2016 shows the facilities of the Chinese-Venezuelan joint company SINOVENSA S.A. in the Orinoco Petroleum Belt in Monagas state, Venezuela. (Xinhua/Boris Vergara)

On Tuesday, authorities from Beijing and Caracas concluded their two-day discussions on new avenues of cooperation.

One important deal will see 5,000 Chinese vans and 1,900 heavy refrigerated trucks added to the Venezuelan distribution fleet.

These units will go to strengthen the Great Sovereign Supply Mission, a joint state-military program aiming to eradicate the scarcity of food and medicine in the country.

The Secretariat also set up a period of five months of work, prior to the 15th meeting of the Mixed Venezuela-China High-Level Committee, set to take place in late 2016.

This period will see in-depth discussion about real cooperation on joint financing and cooperation on oil and gas, mining, and electricity.