Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the OPEC member’s crisis-hit economy “oxygen” ahead of heavy debt payments, its top economic official said on Monday. Venezuelan Economy Vice-President Miguel Perez told Reuters that all conditions, including loan time frames, investment amounts and non-financial aspects, had been improved. China has lent some $50 billion to Venezuela in that arrangement over the last decade, and markets are watching to see if Beijing will help President Nicolas Maduro’s socialist government as it struggles with recession, shortages and reduced oil revenue. “Today we can say that we’ve agreed to new commercial conditions that are adapted to the country’s reality,” Perez said in an interview in his office at […]