Posted on 09/13/2018 1:38:29 PM PDT by detective
Venezuelas 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.
Chinas 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 everyones 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 ...
[Navy not required. All perfectly legal. Ownership would transfer to a Chinese corporation. No muss no fuss.]
I’m reading the comments here and one other guy sees it the same way. China is about to buy Venezuela. It’s a rare country that is beholden to one thing, which is oil. It accounts for over 90% of Venezuela’s exports. However production is down over half as the country is so badly managed, they can’t even use common sense to funnel money back into the oil sector to maintain production.
So China will likely swap it’s debt for equaity in PVDSA. Which I saw elsewhwere was valued around $250. China will buy a 25% stake today and then another 25% later as Maduro will just keep pissing away any cash he gets from China.
Haduro’s running out of other people’s money.
“The countrys oil resources are the source of that cash.”
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True. So the regime change won’t lead to the deterioration of the relationship between Venezuela and oil buyer China.
[True. So the regime change wont lead to the deterioration of the relationship between Venezuela and oil buyer China.]
As if China doesn’t have enough holes to throw good money down. They’re busy propping up state industries to the tune of trillions of dollars and I don’t think that their largess is going to extend to the total basket case of Venezula.
Sanders still has that idiotic quote up on his senate.gov web page.
China loves desperate sellers, and corrupt Government officials - Maduro is both.
He will sell Venezuela’s crown jewels a penny on the dollar, to buy himself some time (and probably a personal escape plan).
Can Maduro sell the port at Caracas (sp?) to China, like Sri Lanka sold a 99 year lease to its port to China? China would love to have one of two military bases so close to the US.
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