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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In an excerpt from his new book, Nicolas Niarchos examines how China and the Democratic Republic of Congo negotiated an infrastructure-for-commodities agreement involving two large Chinese state-owned enterprises and unlikely private sector partner.
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