Venezuela’s dance with China

If there is a person location in Latin The usa wherever China has concentrated a broad volume of effort and hard work, coverage and assets in pursuit of larger affect, it is Venezuela. In excess of the very last ten years, the Asian state has invested $200 billion in the continent, just around a quarter of which arrived at the oil-abundant South American country.

President Hugo Chávez paved the way. He was as determined to crack the country’s regular strategic alliances as he was keen for fresh funds to thrust his so-termed “21st century socialism”. In 2007 the China-Venezuela Joint

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