China Communism Fails in 2 Years. Failing China... Failed Venezuela @GordonGChang Arthur Waldron @jmhumire

Jun 23, 2016, 03:10 AM

06-22-2016 (Photo: Venezuelan President Nicolas Maduro, right, walks with China's President Xi Jinping during welcome ceremony, Great Hall of the People, Beijing, Jan. 7, 2015. ) Twitter: @BatchelorShow

China Communism Fails in 2 Years. Failing China Throws Money at Failed Venezuela. @GordonGChang, @TheDailyBeast. Arthur Waldron, UPenn. Joseph Humire, Center for a Secure Free Society. @jmhumire

“…On June 11, the People’s Daily -- the mouthpiece paper of China’s Communist Party -- published an article in its overseas edition with the headline “Will Venezuela Default?” After considering its willingness and ability to pay, the author concludes the answer is no and chalks up all the talk about default to media speculation. The article also makes the case for China, whose $3.2 trillion of foreign reserves are the world’s largest, to maintain its support to Venezuela. “From a long-term perspective, it makes emotional and rational sense for the Chinese side to provide aid within our capacity for partners stuck in economic difficulty like Venezuela,” the article said….”