![]() While most foreign firms are being battered by Venezuela’s currency controls and product shortages, Chinese companies like Haier are doing brisk business thanks to cooperation deals that give them privileged access to the OPEC nation’s economy but leave business risks in the government’s hands. ![]() The cost of leaving Haier’s facility idle is primarily borne by Venezuela’s socialist government, because its construction was bankrolled with $800 million borrowed from China. They are instead imported from Haier factories in China and paid for through an oil-for-loans deal dating from 2007 under which China lends cash and is repaid in crude and fuel. ![]() Those appliances, however, are not made in Venezuela. Yutong buses are seen during the opening ceremony of a new avenue and the inauguration of a public transportation route in Los Teques, Venezuela May 16, 2015.
0 Comments
Leave a Reply. |