Embattled Venezuela Says It Has Secured $20 Billion Lifeline From China

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Embattled Venezuela says it has secured $20 billion lifeline from China

BOGOTA — Venezuela has secured $20 billion in Chinese loans and financing, President Nicolas Maduro said on Wednesday — a much needed lifeline as the South American nation struggles with a recession and record-high inflation amid plummeting oil prices. In an interview on VTV television from Beijing, Maduro said the funds would be used for housing…

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