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Title : Venezuela Is Losing Friends In China
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Venezuela Is Losing Friends In China

President Xi Jinping met with President Nicolás Maduro of Venezuela at the Great Hall of the People

Benjamin N. Gedan, Americas Quarterly: China’s Venezuela Policy Is Losing Popularity – in China

Amid hyperinflation and declining oil production, skepticism surrounds China's bet on Venezuela.

SHANGHAI – Nicolás Maduro’s visit to Beijing in September was front page news in Caracas, as the Venezuelan leader trumpeted China’s willingness to extend a $5 billion credit line to its cash-strapped South American ally.

For Maduro, meetings with President Xi Jinping and the Chinese premier, Li Keqiang, helped challenge Venezuela’s portrayal as a global pariah, and validated his promises of “big achievements” during the trip.

Inside China, however, Maduro was a ghost. State media ignored the visit, according to analysts who are usually called upon to discuss the government’s high-level Latin America engagements. Government statements made no reference to the credit line, leading observers to wonder whether Maduro had invented the loan.

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WNU Editor: If Russia is having problems collecting their debts from Venezuela .... Russia Wants To Know Why Venezuela Is Behind It's Debt Payments (November 24, 2018), I am sure that China .... who is owed more money .... is having the same problem.

On a side note .... the next generation of opposition leaders in Venezuela are becoming known, and they are coming form the slums and those who are suffering under the Maduro regime .... Venezuela’s next generation of opposition plays a long game (AP).

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