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Marksman_91

(2,035 posts)
Sat Oct 1, 2016, 10:18 AM Oct 2016

China is cutting off cash to Venezuela

http://money.cnn.com/2016/09/30/news/economy/china-venezuela-finance/

Venezuela can't pluck leaves off China's money tree anymore.
After pouring billions into Venezuela over the last decade, China is cutting off new loans to the Latin American nation. It's a major reversal of relations between the two nations, experts say. It also comes at the worst time for Venezuela, which is spiraling into an economic and humanitarian crisis.
"China is not especially interested in loaning more money to Venezuela," says Margaret Myers, a director at Inter-American Dialogue, a Washington research group that tracks loans between China and Latin America.


Whoo, boy. Even China is abandoning Maduro and his lackeys to fend for themselves. Guess that's one less country they can consider fleeing themselves too when they lose power.
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China is cutting off cash to Venezuela (Original Post) Marksman_91 Oct 2016 OP
A totally under reported crisis going on underpants Oct 2016 #1
They apparently already owe the Chinese about 40 billion $...ouch EX500rider Oct 2016 #2
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