The Chinese Foreign Ministry spokeswoman Hua Chunying speaks at a regular briefing on Tuesday, June 21, 2016 in Beijing. [Photo: fmprc.gov.cn]

The Chinese government has said it expects to continue cooperation with Venezuela despite the recent economic crisis.

At the same time, it denied reports that Beijing had begun negotiations with Venezuelan opposition groups over billions of US dollars in Chinese loans to the South American country.

Foreign Ministry Spokesperson Hua Chunying says China is confident the Venezuelan people have the wisdom and ability to handle the difficulties.

"Currently Venezuela is facing some problems. We hope and also believe that the Venezuelan people have the wisdom and ability to properly handle their internal affairs, safeguard the country's stability and maintain economic and social development. China is willing to work together with Venezuela to cement traditional friendship, deepen practical cooperation in various fields and promote sustainable and healthy development of the bilateral relations."

Venezuela has been experiencing a severe economic crisis due to plunging oil prices which also caused domestic riots, looting and street violence.