Venezuelan President Nicolas Maduro is making a plan to visit China and Vietnam to sign economic and financing deals. As he said during a televised broadcast, “I leave tomorrow for Vietnam and China to seal agreements for the economic and financial security of Venezuela, and to seek support in these difficult times.”
Venezuela has borrowed $50 billion from China through the oil-for-loans agreement. This has helped Chinese companies to expand into Venezuelan markets. The Chinese financing has been crucial for Caracas .
Learn more about Maduro’s plans and the trip he has ahead of him. This includes the controversy that Jesus Torrealba, the head of Venezuela’s opposition coalition, rose when he said, “Only he would think of going to China ‘to seek help’ the same week that China’s financial collapse causes a global crisis. Pure ‘Madurismo’!”