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Can China help fix Venezuela?

After years of economic mismanagement and political strife, Venezuela finds itself in the midst of a political, economic, and humanitarian crisis, due in part to a loans-for-oil debtor relationship with China. Español Português

Published:
Venezuela_4.jpg
Venezuela_4.jpg

A protestor facing Venezuela’s national guard in May 2017. Photo: Efecto Eco. Courtesy Diálogo Chino. All rights reserved.

The Chinese government has said little about the dire situation in Venezuela, while few other outside actors – including nearby Latin American neighbours – have called attention to China’s role in it.

This oversight is both puzzling and misguided, given China’s high-profile economic and diplomatic partnership with Venezuela. The lapse is rooted in China’s foreign policy principle of noninterference in other countries’ domestic politics, its own undemocratic political system, and its claims of fostering win-win relationships with other developing countries. All of these factors have combined to create a deafening silence regarding Beijing’s role in addressing what is, in the end, a crisis of democratic governance in Caracas.