BBC News
Tensions between China and Venezuela have risen as China announces it will cut their $50 billion aid to Venezuela for their housing projects due to the “insolence” of President of Venezuela, Nicolas Maduro.
This “insolence” is likely a reference to his press releases that outright state that he believes that Maduro is “convinced that China has conspired to ruin the Olympics in Brazil” and his demands for a “formal apology from China for the incident”, in reference to the accidental shooting of Venezuela's top archer, Malavé.
We have yet to hear a response from the President of Venezuela on this turn of events.
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