China System – Summaries of news and views OnVenezuela https://onvenezuela.com Mon, 01 Mar 2021 15:01:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png China System – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Dollars flood Venezuela as Maduro abandons ‘socialismo’ in favour of Chinese system https://onvenezuela.com/dollars-flood-venezuela-as-maduro-abandons-socialismo-in-favour-of-chinese-system/?utm_source=rss&utm_medium=rss&utm_campaign=dollars-flood-venezuela-as-maduro-abandons-socialismo-in-favour-of-chinese-system Mon, 01 Mar 2021 15:01:52 +0000 https://onvenezuela.com/?p=7857

The regime has finally accepted the dollar as legitimate currency, opened up the state oil industry to foreign private investment and loosened import restrictions for private businesses, meaning supermarket shelves are relatively full again. The country’s stock market is hitting record highs and economists predict the first recovery in GDP this year after seven years of dramatic collapse. By Cody Weddle. Full Text -> TheTelegraph

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