Already rocky, Beijing’s economic ties to the Latin American country are now at greater risk.
Xi Jinping meets with Venezuelan President Nicolás Maduro on the sidelines of celebrations marking the 80th anniversary of the victory in the Soviet Union's Great Patriotic War in Moscow, Russia, May 9, 2025. Credit: Zhang Ling/Xinhua via Getty Images
The U.S.’s dramatic actions in Venezuela last weekend have exposed China’s enormous investments into the country’s infrastructure to further stress, adding to issues created by Venezuela’s long-running economic crisis.
Beijing has for years buttressed its support for the left-wing regimes of Nicolas Maduro, and his predecessor Hugo Chavez, by plowing billions of dollars’ worth of loans and investments via state-owned banks and oil companies into Venezuela — a country it desc
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After years of planning and investment, robotaxis are finally hitting the road in China. Accidents and the impact of self-driving vehicles on employment remain concerns, but the government remains committed to developing the industry into a global leader.
China’s five-year long property market woes have transformed the sector, but there are signs the government is determined to arrest the slide this year.
The economist explains why local governments’ debt woes are the key to China’s economic issues, and why the country could do with more Taylor Swift concerts.
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