Venezuela: The Collapse of China’s Latin American Showcase

Venezuela once stood as a flagship for China’s expansive ambitions in Latin America, a showcase of Beijing’s ability to challenge US dominance through massive loans and infrastructure deals.Under Hugo Chávez and later Nicolás Maduro, the country secured over $60 billion in oil-backed financing from 2007 to 2015, funding railways, power plants, and housing projects that symbolised Sino-Venezuelan
Venezuela once stood as a flagship for China’s expansive ambitions in Latin America, a showcase of Beijing’s ability to challenge US dominance through massive loans and infrastructure deals.Under Hugo Chávez and later Nicolás Maduro, the country secured over $60 billion in oil-backed financing from 2007 to 2015, funding railways, power plants, and housing projects that symbolised Sino-Venezuelan
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