China is strategizing a way in order to deal best with self-proclaimed interim president of Venezuela, Juan Guaido. China has earlier invested about the US $50 billion in Venezuela through oil-for-loan agreements over the past decade.
According to ANI news reports, a Chinese diplomat in Caracas said: “At the top of everyone’s mind was the degree to which goodwill should be shown to and accepted from Guaido.” According to the South China Morning Post, Guaido has been always critical to Venezuela’ relations with Beijing.
Chinese envoys in the Caracas were holding late-night conference calls with the Chinese officials in order to prepare a strategy for getting along with Venezuelan opposition head Guaido.
At the Washington-based inter-American dialogues think tank, a source quoted director at the Asia and Latin America programme, Margaret Myers, as saying: “China has sought informal dialogues with the Venezuelan opposition in recent years to ensure productive relations in the event of a transition.”
However, in an interview, Guaido has expressed his interest in developing a “productive and mutually beneficial” relationship with Beijing and stated that he was ready to engage with Chinese officials in talks “as soon as possible”.
China, whose connection with Venezuelan opposition national assembly is minimal, already has various oil projects running in Venezuela which are suffering political crisis since January.