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...
From other sites
at MarketWatch.com (Jan 12, 2015)
at Investor's Business Daily (Jan 8, 2015)
at CNBC.com (Dec 4, 2014)
at CNBC.com (Sep 15, 2014)
at MarketWatch.com (Aug 26, 2014)
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