In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘venezuela-china relations’

Venezuela Is about to ditch the dollar

Posted by seumasach on September 9, 2017

Anti-media

8th September, 2017

Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.

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Venezuela’s opposition attacks “neocolonial” China

Posted by seumasach on August 4, 2016

China is a long-term player in Venezuela’s energy future

Dialogo China

23rd June, 2016

China’s continued financial support of Venezuela’s floundering government through oil-backed loan deals has been the subject of fierce criticism from the Venezuelan opposition, which has already taken steps towards a recall referendum to remove President Nicolás Maduro from office.

By providing a lifeline to a regime with scant financing options in order to ensure preferential access to Venezuela’s enormous oil reserves, China has been accused of acting as a neo-colonial power. The opposition has denounced that closer ties have also paved the way for an invasion of cheap, so-called “made in China” manufactured products which have negatively impacted Venezuelan industry.

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Posted in Containing China | Tagged: , | Leave a Comment »

 
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