China´s financial injection for Venezuela: $5 bn

Venezuela has recieved $5 bn from China. President Nicolas Maduro said the money was for development. Venezuela is suffering from an economic crisis. The price of Oil, which is Venezuelan main export aricle  has almost halved over a year. This current $ 5 bn injection should be a boost to Venezuela. President Maduro visited Beijing on January and said that China will invest more than $20 bn to his country. I have to remark that Venezuela is in something like diplomatic war with USA.

• 96% of Venezuelan export revenues come from oil
• the price of Venezuelan oil has dropped from $97 in April 2014 to $50 in April this year
• the inflation in 2014 stood at more than 60%

Source: 
http://m.bbc.com/news/world-latin-america-32381250

 

Venezuelan president Nicolas Maduro. Source of the picture: wikipedia.org