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China’s Oil Deal With Venezuela Faces Turning Point
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China’s Oil Deal With Venezuela Faces Turning Point

1 min read

Beijing has lent billions to Caracas in recent decades, and the fate of money it is owed is in question after the ouster of Venezuela’s leader.

The bargain was struck when China was thirsty for oil and Venezuela was hungry for cash. Now, with the ouster of Venezuela’s leader, Nicolás Maduro, the partnership’s future is in question. In the early 2000s, China’s economy was expanding at such a ... [1461 chars]

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Source: The New York Times

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