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Venezuela's Chavez wins third re-election


09:00, October 09, 2012

Image provided by Presidency of Venezuela shows incumbent Venezuelan President Hugo Chavez (L) shaking hands with his supporters during the presidential election in Caracas, capital of Venezuela, Oct. 7, 2012. Hugo Chavez has won the presidential election with 54.42 percent of the vote, Tibisay Lucena Ramirez, president of the National Electoral Council (CNE) announced late Sunday. (Xinhua/Presidency of Venezuela)

CARACAS, Oct. 7 (Xinhua) -- Venezuelans re-elected incumbent President Hugo Chavez on Sunday, giving him another six-year mandate to pursue his "21st century socialism" project of greater nationalization.

Chavez, who has nationalized ever larger sections of the economy and initiated a wide range of programs benefiting the nation's poor, declared victory in the name of the 19th century independence hero Simon Bolivar.

Dressed in a signature red shirt, Chavez, 58, led throngs of cheering supporters in celebration from the balcony of his Miraflores presidential palace and pledged to press ahead with a socialist revolution.

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