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China seeks loan assurances from Venezuela, US

Bloomberg Markets •
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Chinese officials have requested talks with both Venezuela and the United States to secure repayment guarantees on billions of dollars in loans extended to the South American nation, according to people familiar with the matter. Beijing is pushing for clarity on how it will recover its substantial financial exposure amid Venezuela's ongoing political and economic turmoil.

The move signals growing impatience from China, which has become a primary financier for Caracas over the past decade, providing oil-backed loans that propped up the socialist government. With Venezuela's economy in ruins and Nicolás Maduro's grip on power contested, Beijing is now scrambling to protect its investments and diplomatic leverage.

Officials are seeking explicit commitments that any future political transition will honor these massive debts. This diplomatic push highlights the complex position China faces: balancing its non-interference policy against the need to recoup significant financial losses. The outcome could influence how international creditors approach other distressed sovereign borrowers.