IBTimes -
9 Jan 2015 17:31
Venezuela is suffering from plummeting oil prices, runaway inflation and shortages of basic foodstuffs, but it now has at least one lifeline: a $20 billion investment package from China, announced by Venezuelan President Nicolas Maduro this week. But with Venezuela facing a recession, inflation over 60 percent and widespread predictions of a default on its debt this year, some analysts say it's hard to pinpoint China's incentive for handing over the funds.
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