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Venezuelan president says China loans $5 billion

Venezuelan president says China giving $5 billion credit

Venezuelan president says China loans $5 billion

CARACAS, Venezuela (AP) -- Venezuelan President Nicolas Maduro says China has given his country $5 billion in credits under a deal reached in September.

Maduro said Saturday the money will be used for fields such as housing, transportation, satellite technology and the military.

Venezuela's leftist government has received roughly $36 billion from China since 2008, and is paying for it with petroleum exports.


Updated : 2021-07-27 15:05 GMT+08:00