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Venezuela

This tag is associated with 9 posts

As Venezuela crisis splits the world into three blocs, it is a great lesson of multi-polarity for China


Take a look at this interesting map. Both BBC News and Big Think present a world map respectively showing different countries’ diplomatic responses to the current Venezuela crisis in which Washington “has urged the world to pick sides — Maduro or Guaidó (it is another worldwide take-side game alongside the Huawei 5G network issue). As … Continue reading

China is bailing out the world’s teetering oil producers – on terms that could cripple them


Oil-exporting nations are facing budget crises, political instability and social upheaval thanks to the cratering of crude oil prices in recent weeks. Enter China. Despite an economic slowdown of its own—which has been a factor in plunging oil prices—Beijing is stumping up billions of dollars in loans to many of these countries, in exchange for what some analysts … Continue reading

Venezuelan state’s economic response to protests: Rationing plus Chinese and Russian loans to float a liberal dollar market


As protests continue against Venezuela’s faltering “oil revolution,” the political strategy of the Chavista administration is striking for its intransigence. President Maduro has refused to recognise any grievances by students or other protesters. He calls protesters “fascists” and blames them for all the ills of the economy.  Protests are attacked by the national guard and often by … Continue reading

China ups Venezuelan oil investments, but refuses Chavista leaders’ plea for a cash bailout


Back in April, Brazil’s Folha de SaoPaulo ran an article entitled: “The Future of Venezuela Depends on China“ and highlighted this quote:  Translation: “If Maduzo wins, he’ll have to regain the confidence of the Chinese.” – TOM O’DONNELL, petroleum consultant Indeed, it is now clear that the short-term strategy of the post-Chavez Maduro-Cabello administration was to escape the country’s severe dollar crisis … Continue reading

Venezuela’s PDVSA Post-Chávez: Will partnerships with the private sector and Chinese experts boost oil production?


Throughout 2012, and especially after President Hugo Chávez’ death in early March 2013, Venezuela’s national oil firm, Petróleos de Venezuela S.A. (PDVSA), has taken measures beyond anything done in the past decade to raise its lagging production. While the likely impact merits cautious analysis, the drivers of the Bolivarian Republic’s scramble for increased oil revenues … Continue reading

EU competing with China in Latin America


German Chancellor Angela Merkel and other EU leaders have become increasingly concerned that China’s continued rise in Latin America could squeeze out European business. China has not only increased the quantity of its exports to Latin America, but also used its economic resources to expand into the high-tech market, long considered German industry’s strong suit. … Continue reading

China: Iraq oil production booming, Venezuela lagging


The New York Times had an interesting article: ”China is reaping biggest benefits of Iraqi oil boom” on June 2, 2013.  The question that comes to mind is … Why is Chinese production in Iraq booming, and in Venezuela lagging? As late as 2007 and 2008, China clearly intended its investments in Venezuela to be its … Continue reading

China seeking to dominate African news media, complete with censorship and propaganda


China’s investment prowess and construction know-how is widely on display in the long-congested Kenyan capital of Nairobi. A ring road and the nation’s first superhighway are being built and partly financed by Beijing. The international airport is undergoing a $208 million expansion supported by the Chinese, whose loans also paid for a working-class housing complex that … Continue reading

Venezuela expands China oil-for-loan deal to $8 billion


Venezuela‘s Congress voted on Tuesday to double the amount the government can borrow from China under a deal that lets the OPEC nation repay loans with oil, potentially adding to the debt burden taken on under President Hugo Chavez. China has become the single biggest foreign source of financing for Venezuela’s socialist government, which is … Continue reading

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