Global Perspectives: China's Influence in Venezuela

Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.

China's Influence in Venezuela Share this story: Events in Venezuela have been fast, furious and tragically painful for the past few weeks. The U.S. and many Latin American countries have thrown their support to opposition leader Juan Guaido over Nicolas Maduro. Things are coming to a head in the next few days with some extraordinary attempts to get humanitarian aid to a starving population. Our focus this week is on a different angle to the Venezuela crisis that bleeds into current geopolitical issues in other parts of the world. China has an arrangement with Venezuela to access oil in exchange for development loans to the tune of $50 billion, making China one of Venezuela's biggest creditors. With the U.S. having imposed sanctions on the Maduro regime, there is yet another strain in the troubled U.S.-China relationship. Yet this seems to be almost an afterthought when compared to the rest of the geopolitical hot spots, including China-U.S. trade and China-U.S.-North Korea nuclear weapons talks. WATCH THE VIDEO If we can help you with any Foreign Exchange needs, please email foreignexchange@cnb.com or call (800) 447‑4133. Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos! Follow City National Bank on social media: Investment and Insurance Products: • Are Not insured by the FDIC or any other federal government agency • Are Not deposits of or guaranteed by a Bank or any Bank Affiliate • May Lose Value This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting. Unsubscribe from this list  |  Update email preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add foreignexchange@emails.cnb.com to your email address book or safe sender list. Copyright ©2019 City National Bank – All Rights Reserved. 350 South Grand Avenue, 12th Floor, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. TERMS & CONDITIONS  |  PRIVACY STATEMENT NMLSR ID# 536994 | City National Bank Member FDIC