China on Thursday made no offer of debt
relief to Venezuela, but said it was confident the country can deal with the
problem. The statement from the foreign ministry came a day after Russia and
Venezuela signed a deal in Moscow that envisages Venezuela will pay its $3.15
billion debt to Russia over 10 years. Venezuela, by comparison, owes China $23
billion. "We believe that the Venezuelan government and people are capable
of properly handling the debt issue," ministry spokesman Geng Shuang said.
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