China and Venezuela: An Opportunity for the US

China and Venezuela: An Opportunity for the US
China's leader Xi Jinping (R) attends a meeting with Venezuela's President Nicolas Maduro at Miraflores Palace in Caracas, on July 20, 2014. Jorge Silva/Reuters
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Commentary
China has lent more money to Venezuela than any other country–$60 billion. When the two joined in an anti-U.S. union, both expected to benefit. Now, isolated by the world community, Venezuela’s bonds are in default and its economy is crashing. China has cooled on the relationship, and the United States may have an opportunity.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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