Dragons and Tigers and Pandas, oh my!

Nothing gets Venezuelan economists’ juices flowing quite like the Fondo Conjunto Chino Venezolano (FCCV). From a Venezuelan point of view, the why’s and wherefore’s of the Fondo are easy enough to figure out: Venezuela is into it because it’s cheap credit, way cheaper than any of the alternatives we have access to. But have you ever wondered, what’s in it for China? If Fondo Chino is such an obviously good deal for Venezuela, why does China keep the party going? More…