Venezuela’s recent election results have sparked protests and international criticism. China and Russia support Maduro, the incumbent, while the U.S. backs the opposition. China has significant investments in Venezuela.
Venezuela’s recent presidential election has caused uproar both at home and abroad. While the U.S. supports opposition leader Edmundo Gonzalez, China and Russia have backed the incumbent, Nicolas Maduro. Maduro, in power for 12 years, was declared the winner with 51% of the vote compared to Gonzalez’s 44%, despite exit polls showing Gonzalez in the lead. The Carter Center has criticized the election, stating it did not meet international standards of integrity.
Most Latin American countries have rejected or expressed concern over the election results, except for a few like Bolivia, Nicaragua, Honduras, and Cuba. China’s support for Maduro is strong, as President Xi Jinping has endorsed him, seeing Maduro as a source of stability. China’s significant investment in Venezuela, amounting to over $60 billion, is a contributing factor to their support for Maduro.
China’s partnership with Venezuela goes beyond financial investments as they have secured essential resources like crude oil. The two nations have upgraded their relationship to an “all-weather strategic partnership,” with Venezuela supporting China on various international issues. Despite opposition from the U.S., which sees Venezuela as a distraction in its rivalry with China, Maduro continues to strengthen ties with Beijing to secure his position both domestically and internationally.
Source : China stands by Maduro in Venezuela to safeguard its investments
