China’s greed for natural resources drives Venezuela into the ground

Part of the downward trend in the fortune for Venezuela can be traced back to China’s business transactions and manipulated contracts with the Latam country. A detailed investigation by Dialogo Chino, an independent journalism platform dedicated to understanding the China-Latin America relationship, in partnership with Armando.info and the Latin American Centre for Investigative Journalism (CLIP) found how China swindled $4.176 billion worth of iron ore from Venezuela for just $1 billion, pushing its mining sector into an abyss. Full Text -> CanIndia

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