Venezuela's economic forecast continues to worsen. The government is struggling to pay back interest on loans to China—the terms of which were relaxed back in June 2016—and its dependency on oil exports to the Asian superpower have become "a question of survival", as one analyst puts it. Along with Russia, China has lent Venezuela over $77 bn, but Caracas has exhausted its debtors' and expropriated investors' patience—again—and some have started to seek refund via the seizure of cargoes shipping PdV oil.
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