Friday, December 19, 2014

Venezuela could seek China's help as oil drops


"I think the big question will be not if China will help Venezuela, but what will China want in return," he said. "The Chinese are shrewd and they may want fields in the Orinoco region in return for whatever aid package China develops." "Maduro would like the Chinese to bail him out," Risa Grais-Tarnow, an analyst with the Eurasia Group was quoted in a report from Bloomberg Businessweek. "I think the Chinese will have no problems in renewing existing lines of credit. However, they may not be willing to give Venezuela more funds." More…

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