The Sino-Venezuelan Relationship (1974-2020)
From Win-Win to an Asymmetric Relationship
DOI:
https://doi.org/10.14422/cir.i21.y2021.002Keywords:
pragmatism, China, Venezuela, loan-for-oil, Guaidó, bilateral relation, crisisAbstract
The Sino-Venezuelan relationship can be divided into three distinct eras: the origin of the relationship (1974-1999), the golden age during Chávez presidency (1999-2013) and a declining relationship after Maduro rise to power (2014-onwards).
This paper aims to provide a historic, political, and economic overview of the bilateral relationship between 1974 and early 2020, in order to determine if the China-Venezuela link is truly based on pragmatism. Additionally, it will identify the problems the bilateral relationship has faced since 2014, as well as the factors which determine President Xi’s current support of Maduro.
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