{"id":15537,"date":"2014-07-24T12:07:56","date_gmt":"2014-07-24T12:07:56","guid":{"rendered":"https:\/\/new.igihe.com\/china-venezuela-sign-oil-deal\/"},"modified":"2014-07-24T12:07:40","modified_gmt":"2014-07-24T12:07:40","slug":"china-venezuela-sign-oil-deal","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/china-venezuela-sign-oil-deal\/","title":{"rendered":"China & Venezuela Sign Oil Deal"},"content":{"rendered":"

{{Chinese President Xi Jinping has signed a series of oil and mineral deals with Venezuela.}}<\/p>\n

They include a $4bn (\u00a32.34bn) credit line in return for Venezuelan crude and other products.<\/p>\n

The agreements came on the latest stop of a four-country visit to Latin America.<\/p>\n

Mr Xi has already signed key deals in Argentina and Brazil. He has now departed from Venezuela and will visit Cuba next.<\/p>\n

In Argentina the Chinese leader agreed to an $11bn currency swap providing much needed money for the government of President Cristina Fernandez de Kirchner.<\/p>\n

Argentina has been locked out of the international capital markets since a default in 2001.<\/p>\n

Mr Xi also helped launch a new development bank alongside the other emerging powers of the Brics group – Brazil, Russia, India and South Africa – at a summit in Brazil.<\/p>\n

The new bank is intended to create an alternative to the Western-dominated World Bank.<\/p>\n

Chinese trade with Latin America has grown rapidly. It is now the second-largest trading partner in Argentina and Cuba, and has been Brazil’s largest since 2009.<\/p>\n

China is the second-largest market for Venezuelan oil after the United States.<\/p>\n

Analysts say the underlying purpose of the visit has been to secure more natural resources from Latin American countries to fuel China’s long term economic expansion.<\/p>\n

The Chinese president is now on his way to Cuba where he will meet President Raul Castro.<\/p>\n

The Communist-led island and China are long-term close political allies and China has given Cuba generous trade credits in the past.<\/p>\n

\"\"<\/figure>\n

BBC<\/p>\n","protected":false},"excerpt":{"rendered":"

{{Chinese President Xi Jinping has signed a series of oil and mineral deals with Venezuela.}} They include a $4bn (\u00a32.34bn) credit line in return for Venezuelan crude and other products. The agreements came on the latest stop of a four-country visit to Latin America. Mr Xi has already signed key deals in Argentina and Brazil. […]<\/p>\n","protected":false},"author":3,"featured_media":2000053223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[101],"byline":[170],"hashtag":[],"class_list":["post-15537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-internationl","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000053223,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15537.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=15537"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000053223"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=15537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=15537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=15537"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=15537"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=15537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}