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Venezuelan president says China loans $5 billion

Maduro yesterday said the money will be used for fields such as housing, transportation, satellite technology and the military

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APPTI Caracas (Venezuela)
Venezuelan President Nicolas Maduro says China has given his country $5 billion in credits under a deal reached in September.

Maduro yesterday said the money will be used for fields such as housing, transportation, satellite technology and the military.

Venezuela's leftist government has received roughly $36 billion from China since 2008, and is paying for it with petroleum exports.
 

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First Published: Dec 29 2013 | 12:25 PM IST

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