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Title : Venezuelan President Maduro Is Traveling To China To Raise Money For His Government
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Venezuelan President Maduro Is Traveling To China To Raise Money For His Government

Reuters: Venezuela's Maduro travels to China in search of fresh funds

CARACAS/BEIJING (Reuters) - Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.

“I am going with great expectations and we will see each other again in a few days with big achievements,” the leftist leader said on Wednesday in a state broadcast from the airport, without providing details.

Venezuela’s Information Ministry did not respond to a request for comment.

China’s Foreign Ministry said Maduro would visit from Thursday until Saturday at the invitation of President Xi Jinping.

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Update #1: Maduro looks to China to bolster Venezuela's collapsing economy -- France 24
Update #2: Nicolas Maduro heads to China as he tries to salvage Venezuelan economy -- SCMP

WNU Editor: The Chinese government has thrown the Venezuelan government a lifeline that is to be backed by future oil exports .... China to Lend Venezuela $5 Billion as Maduro Visits Beijing (Bloomberg). This is a big disappointment for Venezuelan President Maduro. He was expecting more. Also .... the terms of this $5 billion credit line have not been announced, but I suspect that it is probably more stringent than the last one which charged high interest rates and was also backed by future oil exports (at a fixed low price)

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