Venezuela President signed a $5 billion dollar loan from China to help aid with boosting oil output assured to increase exports towards the Country's largest Creditor.

Venezuela President signed a $5 billion dollar loan from China to help aid with boosting oil output assured to increase exports towards the Country's largest Creditor.

By: http://www.bloomberg.com/news/articles/2015-09-02/venezuelan-signs-5-billion-china-loan-for-lifting-oil-output

President Nicolas Maduro hopes that the signing of this loan will help his country's production jump from 700,000 to 1,000,000 barrels a day that was set from former President Hugo Chavez. Venezuela has been covering current loans that they have with China through shipments of oil.