CHINA / VENEZUELA : Beijing Continues To Finance Caracas...And Chavez.

http://www.bloomberg.com/news/2012-09-25/china-bankrolling-chavez-s-re-election-bid-with-oil-loans.html
      LONG READ

      Since 2007...China has lent Hugo Chavez nearly $43 billion.
      It gives Beijing immense influence in Caracas...and the deals allow Chavez to borrow at only 6%...vs the 12% his nation's bonds command.
      Chinese debt service is about 9% of daily production...or 200,000 bbls...of the nearly 640,000 bbls he sends to China.
      And...Chavez said recently...he's looking for even more Chinese credit.