The China Development Bank has lent Venezuela $42.5B collateralized by revenue from the world's largest oil reserves - far more than the U.S. spent during 2003-09 in rebuilding Iraq - and is effectively bankrolling Hugo Chavez's re-election bid, according to a Bloomberg analysis. Among the top Chinese beneficiaries: Sinopec (SNP) and PetroChina (PTR).
The China Development Bank has lent Venezuela $42.5B collateralized by revenue from the world's...
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