Chinese Foreign Minister Wang Yi said Beijing cannot accept any country acting as the “world’s judge” after the United States captured Venezuela’s President Nicolas Maduro.

The world’s second-largest economy has provided Venezuela with an economic lifeline since the U.S. and its allies ramped up sanctions in 2017, purchasing roughly $1.6 billion worth of goods in 2024, the most recent full-year data available.

Almost half of China’s purchases were crude oil, customs data shows, while its state-owned oil giants had invested around $4.6 billion in Venezuela by 2018, according to data from the American Enterprise Institute think tank, which tracks Chinese overseas corporate investment.

  • BoJackHorseman@piefed.social
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    21 days ago

    China will do something better, replace the dollar as the reserve currency. That will result in the fall of America crushed by its own debt, same reason Britain fell.

    • Prove_your_argument@piefed.social
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      20 days ago

      lol, if you’re not chinese, wealthy, and in the party you’re not in the club.

      If you’re not ultra wealthy you’re also not in the club today, so i’m sure you won’t see much of a change between one regime and another, unless you’re an ‘undesirable’ that comes to find yourself in the sphere of influence of china anyway.

    • NιƙƙιDιɱҽʂ@lemmy.world
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      21 days ago

      The US dollar is used for 53% of the world’s reserve currency. China’s Renminbi is 2%. It’s a fun thought, but no. If anything, the Euro at 18.4% has a better shot.

      • BoJackHorseman@piefed.social
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        20 days ago

        Britain ruled more than half of the globe at its peak. No one thought it would ever fall. But here we are.

        No one would have imagined Chinese cars dominating the world 10 years ago, but here we are.

        Don’t look at where they are, but where they’re going.

          • BoJackHorseman@piefed.social
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            19 days ago

            Your gate for China absolutely blinds you. You have no idea how much CIA has propagandised you.

            The internet was invented by the American military. You don’t think they would use it to influence you?

            • NιƙƙιDιɱҽʂ@lemmy.world
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              19 days ago

              I am fully aware of how horrible the US government is. If you weren’t so blinded by your own misguided passion, you’d have seen that.