China: Consensus on Vens Finance Help

China's Foreign Ministry said on Tuesday it had reached consensus with Venezuela on strengthening financial cooperation, after Venezuela said its main financier would improve the conditions of an oil-for-loans deal.

Ministry spokesman Hong Lei made the comment at a regular press briefing.

Venezuelan Economy Vice-President Miguel Perez told Reuters on Monday that all conditions, including loan timeframes, investment amounts and non-financial aspects, had been improved, giving the OPEC member's crisis-hit economy "oxygen" ahead of heavy debt payments.

Reporting by Megha Rajagopalan