{"id":43463,"date":"2019-02-03T08:28:56","date_gmt":"2019-02-03T13:28:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43463"},"modified":"2019-02-03T08:28:59","modified_gmt":"2019-02-03T13:28:59","slug":"the-coming-us-china-proxy-war-in-venezuela","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43463","title":{"rendered":"The Coming US-China Proxy War In Venezuela"},"content":{"rendered":"\n

The Coming US-China Proxy War In Venezuela<\/a><\/h3>\n\n\n\n

China won’t give up on embattled Venezuelan president Nicolas Maduro anytime soon even as the US-led international noose of “delegitimizing” hangs around the socialist strongman, according to government statements released on Friday. Beijing reaffirmed it maintains \u201cnormal state-to-state relations\u201d and cooperation between the two sides \u201cshouldn\u2019t be undermined no matter how the situation evolves,\u201d<\/strong> according to press briefing by the Chinese Foreign Ministry. Or rather, we could more simply translate: with billions of dollars in credit on the line, “non-interference” is simply not an option for China<\/strong>. <\/p>\n\n\n\n

\"\"\/<\/a>
Image via CNN Chile<\/em><\/figcaption><\/figure>\n\n\n\n

\u201cChina has maintained close communication with all parties through different ways,\u201d a ministry spokesperson said in response to question about whether China has had contact with National Assembly leader Juan Guaido. \u201cWe are ready to work with all parties to promote peace talks, and create favorable conditions for the proper settlement of the Venezuelan issue,\u201d the ministry added. <\/p>\n\n\n\n

But then there’s the not so minor issue of China over the past decade\u00a0lending over $50 billion to Caracas as part of an oil-for-loan agreements program<\/strong>. It underscores just how quickly what appears a new White House full court press for regime change could bring Washington again into indirect conflict with both China and Russia. And in total\u00a0Venezuela owes\u00a0“more than $120 billion just to China and Russia”<\/strong>\u00a0FOX reported<\/a>\u00a0this week.\u00a0<\/p>\n\n\n\n

A new Wall Street Journal <\/em>report outlines what’s at stake, and the mounting costs for Beijing<\/a>:<\/p>\n\n\n\n

When China hatched the first of a series of oil-for-loans agreements with Venezuela in 2007, it seemed like a perfect match.\u00a0Venezuela had the world\u2019s biggest oil reserves; China was poised to become the biggest energy consumer.<\/strong><\/p>

<\/p><\/blockquote>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

The Coming US-China Proxy War In Venezuela China won’t give up on embattled Venezuelan president Nicolas Maduro anytime soon even as the US-led international noose of “delegitimizing” hangs around the socialist strongman, according to government statements released on Friday. Beijing reaffirmed it maintains \u201cnormal state-to-state relations\u201d and cooperation between the two sides \u201cshouldn\u2019t be undermined no matter how […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[2045,2492,827,851,862],"class_list":["post-43463","post","type-post","status-publish","format-standard","hentry","category-geopolitics","tag-beijing","tag-caracas","tag-united-states","tag-venezuela","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43463"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43463\/revisions"}],"predecessor-version":[{"id":43464,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43463\/revisions\/43464"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}