How a Chinese venture in Venezuela made millions while locals grew hungry

May 9, 2019
Venezuela and China agreed to hundreds of projects to kickstart growth in the South American country. After billions in investments, however, little materialized. A USD 200 million rice plant illustrates the graft and incompetence that opponents say crippled development by Venezuela’s leftist regime. The project was meant to feed millions. In Delta Amacuro, a remote Venezuelan state on the Caribbean Sea, a Chinese construction giant struck a bold agreement with the late President Hugo Chávez. The state-run…
Real Estate and Investment News from South America
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