China navy ship makes maiden visit to Venezuela after Maduro 1 SHARES Share it! Maduro, whose leftist government is under fire in Venezuela as the economy struggles with a fifth year of recession and hyperinflation, visited China earlier in September. Venezuela’s finance ministry said in July it would receive $250 million from the China Development Bank to boost oil production but offered no details. Venezuela previously accepted a $5 billion loan from China for its struggling oil sector but has yet to receive the entire amount. Xinhua said that during the visit the Chinese commander of the ship would visit military and political officials and inspect Venezuelan military and medical facilities.

Source: Manila Bulletin September 23, 2018 07:18 UTC