{"id":4231,"date":"2015-01-08T07:12:03","date_gmt":"2015-01-08T12:12:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4231"},"modified":"2015-01-08T07:13:04","modified_gmt":"2015-01-08T12:13:04","slug":"china-to-invest-20bn-in-struggling-venezuela","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4231","title":{"rendered":"China to invest $20bn in struggling Venezuela"},"content":{"rendered":"

China to invest $20bn in struggling Venezuela<\/a><\/h3>\n

China has agreed to invest more than $20bn in economic, social, and oil-related projects in Venezuela, as the country struggles from a financial crisis brought on from falling oil prices.<\/p>\n

President Nicolas Maduro said on Wednesday he was seeking to strengthen ties with Chinese banks after meeting Chinese President Xi Jinping in Beijing, a week after Caracas announced it was in a recession.<\/p>\n

“We have wrapped up over $20bn in investments during the course of this day’s work,” Maduro told Venezuela’s official AVN news agency.<\/p>\n

The sweeping investment deal covers a wide range of areas including technology, housing and urban planning, AVN said.<\/p>\n

Maduro, however, did not say whether the latest investments include new loans for the cash-strapped OPEC member, or if the investments were part of an existing oil-for-loans deal between Venezuela and China.<\/p>\n

Beijing has extended $42bn in long-term loans to Venezuela, $24bn of which has been paid out so far, according to Venezuelan officials.<\/p>\n

Xi said that China, the world’s second-biggest economy which has been bolstering its diplomatic and economic reach in South America – had agreed to “strengthened cooperation”.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

China to invest $20bn in struggling Venezuela China has agreed to invest more than $20bn in economic, social, and oil-related projects in Venezuela, as the country struggles from a financial crisis brought on from falling oil prices. President Nicolas Maduro said on Wednesday he was seeking to strengthen ties with Chinese banks after meeting Chinese […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[2492,130,312,2493,851],"class_list":["post-4231","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-caracas","tag-china","tag-financial-crisis","tag-maduro","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4231"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4231\/revisions"}],"predecessor-version":[{"id":4233,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4231\/revisions\/4233"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}