For Chinese residents of Venezuela who fled that country’s chaos, a new International Monetary Fund inflation outlook dampens their hopes of returning to retrieve assets. Photo: Reuters

Why Venezuela’s 2,349pc inflation is a painful lesson for China

IMF has forecast 2018 inflation of 2,349pc for Venezuela, up from an estimated 2,069pc this year

Topic |   Venezuelan crisis

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For Chinese residents of Venezuela who fled that country’s chaos, a new International Monetary Fund inflation outlook dampens their hopes of returning to retrieve assets. Photo: Reuters
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.

Laura Zhou

Laura Zhou

Laura Zhou joined the South China Morning Post's Beijing bureau in 2010. She covers China's diplomatic relations and has reported on topics such as Sino-US relations, China-India disputes, and reactions to the North Korea nuclear crisis, as well as other general news.