China is willing to provide Venezuela with what help it can, Premier Li Keqiang told Venezuela’s President today.
Maduro is in China to discuss economic agreements. Li told Maduro that China supports Venezuela’s efforts to develop its economy and improve people’s livelihoods, and it’s willing to provide what help it could.
China hopes Venezuela could provide more “policy support and legal guarantees”, Li said. In a different meeting with Chinese President Xi Jinping, Maduro thanked China for its “long-term understanding and support”, Chinese media said.
Xi told Maduro the two countries should promote mutually beneficial cooperation and they should consolidate political mutual trust. Over a decade, China ploughed more than $50 billion into Venezuela through oil-for-loan agreements that helped China secure energy supplies for its fast-growing economy.
Three years ago, Venezuela asked for a change of payment terms amid falling oil prices and declining crude output that pushed its state-led economy into a hyperinflationary collapse, and, since then, the flow of cash halted.Trade now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.