In recent years, China has reportedly loaned the Venezuelan government as much as $70 billion, much of it apparently secured with promises of oil deliveries. Some of this has already been repaid, it is said, although that might have been by new loans, and while most of the loans have been described as aimed at development, it has more likely been used as operating funds, to keep the government afloat and pay for imports. (Although not, it would seem, for toilet paper. Maybe Bolivaristas have really sensitive tushes that require some kind of special paper which is in short supply.) – Source
Desperate Venezuela 3: Will China Learn The Value Of Friendship?
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