China cutting off cash to Venezuela

After pouring billions into Venezuela over the last decade, China is cutting off new loans to the struggling country.

China is said to have loaned Venezuela $60 billion since 2007. That's more than it loaned to any other Latin American country.

Venezuela still owes China approximately $20 billion. Experts say there's no sign it can pay that money back amid its economic and humanitarian crisis. Most of the money is paid back via oil, but this year Venezuela has seen oil production fall to a 13-year low.

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