Venezuela's car purchases from China at USD 52 million in 2012
Venezuela's National Statistics Institute said China is Venezuela's main automobile supplier
Consequently, national production has declined over the last four years and traditional brands have disappeared amid import restrictions while new actors are gaining ground.
Data from the National Statistics Institute (INE) reveals that China has become Venezuela's main automobile supplier.
Only during the first half, China sold Venezuela USD 52.7 million in transport vehicles, that is, 33.805% above the figure recorded during the same period in 2011. From January through June, 2011, China exported to Venezuela USD 155,621 in regular vehicles.
So far this year, China's car exports to Venezuela have grown 53% as USD 34 million in sales was recorded in 2011.
Translated by Jhean Cabrera
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.