China just drew a line around its property in Venezuela

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China is basically saying: do whatever you want to Maduro, just don’t touch our shit. That could get very intense if Washington actually goes after the Venezuelan assets.

Wow.

China just got dealt a massive blow in Venezuela.

Beijing spent years financing Venezuela in exchange for access to its oil.

The US is now dismantling that relationship.

Chinese banks extended more than $60B in oil-backed loans to Venezuela, making Beijing one of Caracas’ most important creditors.

More than $10B is still owed.

Oil was central to how that debt got repaid.

But since the US takeover, Venezuelan crude shipments to China have fallen to zero, after reaching more than 600k barrels per day at points last year.

And Washington is making clear that China won’t have a claim on the oil revenues now being redirected under the new system.

The key is that China can probably replace the barrels.

Venezuela supplied just 4% of China’s crude imports in 2025.

What’s much harder to replace is the influence Beijing spent nearly 20 years & billions of dollars building.

China may lose far more in Venezuela than just the oil.

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