..Hugo Chavez: China granting Venezuela $4B loan

[Judi Lynn]

..Hugo Chavez: China granting Venezuela $4B loan
By IAN JAMES - Associated Press | AP – 19 mins ago
..
CARACAS, Venezuela (AP) — President Hugo Chavez announced a new $4 billion loan from China and discussed his health in a televised appearance Saturday, saying he is exercising each morning as part of a strict regime while recovering from cancer surgery.

Chavez said the latest loan from China will go to boost development projects in Venezuela such as railways, adding that his government will put $2 billion of its own into the projects. China has become Venezuela's biggest foreign lender in recent years, agreeing to provide more than $32 billion to be repaid in oil shipments.

The live broadcast on state television was suddenly interrupted when Chavez noted that Venezuela's national soccer team was playing a tight game against Ecuador in the Copa America tournament.

Shortly after Venezuela won the match, the broadcast of the meeting resumed. Chavez, flanked by his daughter Maria, read a list of orders from his doctors. Chavez shared jokes and laughs with government officials, saying he exercises at least one hour every morning, lifts weights, follows a strict diet, changes bandages and takes calcium supplements.

More:
http://news.yahoo.com/hugo-chavez-china-granting-venezuela-4b-loan-230816059.html

[bahrbearian]

1. That figures the Communist, Facist , Moaist, Chavez taking loans from China.

That just makes my blood boil. I warned you guys about him.

[Judi Lynn]

2. Did it drive you wild when the U.S. started borrowing money from China? n/t

[bahrbearian]

3. Yes it did, and I thought I wouldn't need the Sarcasm icon.

But here it is :sarcasm:

[Judi Lynn]

4. Ordinarily a person would assume it, but we get a strange cluster here at times. Sorry. n/t

[bahrbearian]

6. I know, 'Hugo Chavez is a Dictator' is usually the 1st reply

[gordianot]

5. After all China is now the ultimate capitalist State.

[joshcryer]

7. I was informed that socialism requires capitalism before it can exist.

Indicating that China was the premier example of a state transitioning to socialism / communism.

[gordianot]

8. Appears to me it took time for them to develop Capital.

I am not sure what they are today.