Beijing moves to cut losses in Venezuela after Maduro’s capture

China reassesses oil-backed investments and overseas risk as US action reshapes its Latin America strategy

January 9, 2026

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With US capture of Venezuelan President Nicolas Maduro, China reassessed its oil-backed investments, potential losses in the Latin American country, while drawing up plans to minimize losses in Venezuela and revisit its international investment strategy.

To learn more about China's approach, Asia Times spoke with Einar Tangen. "Trump wants about US$2 billion worth of oil. If that’s the case, things can go on as long as China can get the oil it paid for in advance through investments," said Einar Tangen.

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