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Venezuela’s Maduro Heads To China In Search Of Funding
The Daily Caller ^ | 09/13/2018 | Joseph Lafave

Posted on 09/13/2018 1:38:29 PM PDT by detective

Venezuela’s socialist president Nicolás Maduro is traveling to Beijing this week in hopes to secure more funding to keep his country afloat. Maduro will spend several days in China and will meet with Chinese President Xi Jinping. According to Reuters, President Xi initiated the meeting.

“I am going with great expectations and we will see each other again in a few days with big achievements,” Maduro said on Wednesday during a government-broadcasted speech, Reuters reports.

China’s Foreign Ministry confirmed the visit during a press conference held by ministry spokesman Geng Shuang.

“Recently, the Venezuelan president has actively pushed forward economic reforms, and there has been a positive reaction to these from society,” said Shuang during the conference. “I think that a Venezuela that is steadily developing is in everyone’s interests. China has faith that the Venezuelan people and government will be able to handle its domestic affairs with the legal framework.”

(Excerpt) Read more at dailycaller.com ...


TOPICS: Crime/Corruption; Foreign Affairs
KEYWORDS: china; maduro; venezuela
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China has already provided Venezuela with around $50 billion in financing “over the last decade,” according to Voice of America. The OPEC country repaid its debt to China with oil, which, according to Reuters, gave China a reliable flow of energy and helped establish its presence in South America. As Venezuela’s economy began to collapse and oil output fell, China pulled out of the deal. Three years later, however, experts believe that China is ready to invest in the socialist country again.

Reuters reports that China is prepared to offer Maduro a $5 billion loan, but is waiting until the socialist leader announces “a series of economic measures, including a steep devaluation and more flexible currency controls.”

1 posted on 09/13/2018 1:38:29 PM PDT by detective
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To: detective

A coup while Maduro’s away.


2 posted on 09/13/2018 1:43:01 PM PDT by freedom1st
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To: detective

The borrower is slave to the lender...........Proverbs 22:7


3 posted on 09/13/2018 1:43:14 PM PDT by Red Badger (July 2018 - the month the world learns the TRUTH......Q Anon.......Timelines change. Aug 16)
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To: All

I hope his plane crashes...


4 posted on 09/13/2018 1:44:49 PM PDT by MplsSteve
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To: detective

China isn’t liable to throw good money after bad, public statements aside. Not even sure that Venezuela could repay with more oil, given that the country’s oil infrastructure is also crumbling.

Then again, that might just be where Chinese investment goes this time...


5 posted on 09/13/2018 1:45:03 PM PDT by SleeperCatcher
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To: freedom1st
A coup while Maduro’s away.

Surely he's skimmed enough by now to slink off to a villa in Switzerland to enjoy retirement.

6 posted on 09/13/2018 1:45:47 PM PDT by Pearls Before Swine ("It's always a party when you're eating the seed corn.")
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To: detective

He’s going to sell his country to the RED CHINESE and pocket the cash.


7 posted on 09/13/2018 1:47:12 PM PDT by 5th MEB (Progressives in the open; --- FIRE FOR EFFECT!!)
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To: detective

When does Venezuela start liquidating assets?


8 posted on 09/13/2018 1:48:53 PM PDT by Nachoman (Following victory, its best to reload.)
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To: MplsSteve

But I’d feel bad for the crew.


9 posted on 09/13/2018 1:49:07 PM PDT by GunsareOK
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To: detective

“China has already provided Venezuela with around $50 billion in financing “over the last decade,” according to Voice of America. The OPEC country repaid its debt to China with oil,”

Russia owns 49% of Citgo, and a judge recently ruled that their creditors can sue to seize their assets in the US. Will we see China suing a Venezuelan/Russian company in an American court? Interesting times.


10 posted on 09/13/2018 1:50:53 PM PDT by Hugin
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To: detective

Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.


11 posted on 09/13/2018 1:51:08 PM PDT by PGR88
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To: detective

Maduro is looking for protection and is at risk of an internal coup.


12 posted on 09/13/2018 1:52:50 PM PDT by SpaceBar
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To: detective

No brainer!! China will own this commie thug dictator and then it will totally occupy his country.


13 posted on 09/13/2018 1:58:17 PM PDT by drypowder
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To: detective

China will be glad to offer loans. China is bankrupting much of Africa with its lending largesse and will be happy to foreclose on Venezuela’s oil industry when Venezuela defaults.


14 posted on 09/13/2018 2:01:14 PM PDT by arthurus (upoiu)
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To: detective

Maduro will manage to sell all rights to Venezuelan oil for a few eggrolls and some fried rice.


15 posted on 09/13/2018 2:05:47 PM PDT by KyCats
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To: SleeperCatcher

The ChiComs will require him to mortgage the entire oil industry and will foreclose (quietly) when he defaults.


16 posted on 09/13/2018 2:10:29 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: PGR88

[Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.]


I think they will lose their money regardless of who’s in power. During the Cold War, we subsidized anti-Communist states to some extent, but they were generally economically self-sufficient because they weren’t socialist states. Even the Russians’ subsidy amounts for their client states were limited because their governments were fairly honest. Whereas every one of China’s welfare case client states is not just a socialist state, but a kleptocracy as well.


17 posted on 09/13/2018 2:12:00 PM PDT by Zhang Fei (They can have my pitbull when they pry his cold dead jaws off my ass.)
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To: BenLurkin

[The ChiComs will require him to mortgage the entire oil industry and will foreclose (quietly) when he defaults.]


They lack the means to foreclose - a navy that can defeat the USN. Even if they had the means, extended guerrilla war with training and material support from Venezuela’s neighbors would raise the cost beyond the amounts owed. Debt repudiation is a Latin American tradition, and no amount of Chinese bluster will change that.


18 posted on 09/13/2018 2:16:25 PM PDT by Zhang Fei (They can have my pitbull when they pry his cold dead jaws off my ass.)
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To: PGR88

“Every penny China puts in their under the Maduro regime is going to be lost when the Chavistas eventually are thrown out.”
/
/
The new regime will maintain good relationship with China. Venezuela needs China, the largest oil consumer, regardless the ideology affiliation of the government.


19 posted on 09/13/2018 2:23:07 PM PDT by granada
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To: Zhang Fei

Navy not required. All perfectly legal. Ownership would transfer to a Chinese corporation. No muss no fuss.


20 posted on 09/13/2018 2:29:29 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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