Chinese Foreign Minister Wang Yi said Beijing cannot accept any country acting as the “world’s judge” after the United States captured Venezuela’s President Nicolas Maduro.
The world’s second-largest economy has provided Venezuela with an economic lifeline since the U.S. and its allies ramped up sanctions in 2017, purchasing roughly $1.6 billion worth of goods in 2024, the most recent full-year data available.
Almost half of China’s purchases were crude oil, customs data shows, while its state-owned oil giants had invested around $4.6 billion in Venezuela by 2018, according to data from the American Enterprise Institute think tank, which tracks Chinese overseas corporate investment.
It’s a not uncommon pattern to have “successor states” that inherit the treaties and obligations of the previous ones. For example how Russia “inherited” the Soviet Union’s position on the UN Security Council, or how Canada is bound by treaties with the First Nations that were signed by Britain (who we were a colony of at the time).
Would have been a Big Funny if Britain had handed Hong Kong off to Taiwan instead, though.
Yeah that would have been awesome.