Imperialism in Latin America

In September 2018, Venezuelan President Nicolás Maduro visited China, where he met with his Chinese counterpart Xi Jinping and signed a series of important agreements on trade and culture. Toward the end of his stay, Maduro said the two countries had built "a relationship of mutual benefit, of shared gain."

Among these agreements was one that highlights the depth of the collaboration: this was for China to participate with the Great Venezuela Housing Mission (GMVV) to build more than 13,000 homes in El Valle parish in Caracas.

The focus of the international media has been on the oil trade between China and Venezuela, and on the aid from China to Venezuela; but the connections go deeper, into the social life of the people who are struggling to emerge from deprivation.

When I recently asked Jorge Arreaza, Venezuela's foreign minister, about the relationship between his country and China, he mentioned these thousands of homes. It was the well-being of the Venezuelan people that held his interest, not merely the themes of oil and industry.

China has invested and lent billions of dollars to Venezuela, which has been a necessary infusion of capital for a range of developments. China, Arreaza told me, "has been important in guaranteeing Venezuela's sovereignty as US aggressions have increased over the years."

Pandemic solidarity

In March, the Chinese government sent two shipments of essential equipment to assist the Venezuelan authorities in tackling the Covid-19 pandemic. These were followed by shipments of test kits and ventilators, medicines and protective equipment.

When 55 tons of goods were being unloaded in late March, China's ambassador to Venezuela, Li Baorong, said, "In difficult times, the Chinese and Venezuelan people are together." The arrival of this aid was typical of the strategic association between China and Venezuela.

A month later, Li told the Mexican newspaper El Universal that "China strongly supports the efforts made by the Venezuelan

grand government to guarantee health and save lives despite the most severe and criminal unilateral sanctions."

That last phrase is key - "severe and criminal unilateral sanctions." It refers to the harsh policy prosecuted by the US government against Venezuela; this is a policy that began under George W Bush, was deepened by Barack Obama, and then was further tightened by Donald Trump, with no indication of loosening by President-elect Joe Biden.

During the pandemic, in fact, the United States has increased its pressure on Venezuela, including preventing the government from accessing financial assistance and conducting its normal trade, not to speak of using military threats to overthrow the government.

China continues to trade

The United States, Arreaza told me, "has gone to the extent of carrying out modern acts of piracy, stopping ships in the middle of the ocean and stealing cargo that was paid for by the Venezuelan people."

Not only has the United States tried to blockade Venezuela, but it continues to interfere in its political affairs; this includes trying to undermine the legislative elections that will be held on December 6.

China has largely disregarded the US sanctions against Venezuela, which is the largest recipient of Chinese loans. "When

China states that it will continue to trade with Venezuela," Arreaza told me, "it is standing against the illegality of the US coercive measures that are placed on Venezuela."

Venezuela's difficulty in servicing the debt to China is seen in Beijing as the fault of the illegal sanctions regime, which has made normal economic activity impossible; China's "patient capital" strategy and its understanding of the geopolitical pressure on Venezuela are key to understanding its relationship.

US welcome to trade

Last year, the United States developed a new program called América Crece, which is a government initiative to assist US private corporations investing in the Caribbean and Latin America; the express purpose of the program is to prevent Chinese investment in the region.

"The United States is welcome to offer a program to increase the presence of its companies in our country," Arreaza told me, "but it does not have the right to prevent us from trading and partnering with whoever we see as most beneficial for our own interests."