Friday, February 05, 2016
High Inflation, Venezuela On the Verge of Economic Meltdown
ANBOUND
In recent months, three dozens of 747 cargo planes carried bills of Venezuela's currency, the bolivar from other countries to Venezuela, showing that the Venezuelan’s economy and finance is near collapse.
As we have earlier warned about the state of Venezuela, we at ANBOUND’s research team would like stress that following the near meltdown in Venezuelan’s economy and finance, China is facing a very significant risk in terms of its investment and debt in Venezuela.
Therefore, it is vital that the related departments and enterprises in China should devise a corresponding plan in advance.