China Bankrolling Chavez's Re-Election Bid With Loans For Oil
Machine controls are identified in Chinese at a rail factory at China Railway Engineering Corp.'s (CREC) Tinaco-Anaco railway project in Los Dos Caminos, Venezuela, on Thursday, Aug. 23, 2012. The railway project is the nation’s largest non-oil infrastructure investment. Since 2007, the China Development Bank, or CDB, has lent Venezuela $42.5 billion collateralized by revenue from the world’s largest oil reserves, according to a Bloomberg compilation of deals announced by the Chavez government. Photographer: Meridith Kohut/Bloomberg via Getty Images
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152761810
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August 22, 2012
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CHINA BANKROLLING CHAVEZ