Chinese firms are assessing the risk that Venezuelan President Hugo Chavez’s death poses to investments worth at least $50 billion, after 14 years of closer ties between the two countries.
China Development Bank Corp., which has lent Venezuela more than $40 billion since 2008, has contingency plans in place, Yao Zhongmin, head of the bank’s supervisory board, said in an interview today. State-owned conglomerate Citic Group Corp. is also weighing the risks, Chairman Chang Zhenming said.
Read Full Article HERE
Michael Forsythe and Henry Sanderson, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/6Iv3SHAJe0o/
No comments:
Post a Comment