China Renews Embrace of Maduro’s Venezuela as the US Looks On
- Beijing and Caracas said to discuss debt, oil and telecoms
- New Chinese ambassador arrives in further sign of a reset
A sign featuring then-Presidents Chavez and Hu Jintao at the Tinaco-Anaco railway construction site in 2012.
Photographer: Meridith Kohut/BloombergVenezuela and China are re-establishing connections after years of cooling ties, with government contacts resuming and joint projects floated in what amounts to a challenge to Washington.
High-ranking officials from China, Venezuela’s biggest creditor, met with close aides to President Nicolas Maduro in Caracas as recently as last month to discuss the restructuring of the nation’s long-standing line of credit, according to people with knowledge of the matter. The two sides also talked about potential areas to renew collaboration, including telecommunications and oil, said the people, asking not to be named discussing internal strategy.