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    Juan Guaido, President of Venezuela's National Assembly, holds a copy of Venezuelan constitution during a rally against Venezuelan President Nicolas Maduro's government and to commemorate the 61st anniversary of the end of the dictatorship of Marcos Perez Jimenez in Caracas, Venezuela January 23, 2019

    Chinese Projects in Venezuela Hit by Gov't Graft – Self-Proclaimed Pres. Guaido

    © REUTERS / Carlos Garcia Rawlins
    Latin America
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    Political Crisis in Venezuela (573)

    On 23 January, Venezuelan opposition leader Juan Guaido proclaimed himself the country's interim president, in a move that was backed by the United States and a number of other countries. Russia, China, Mexico, Iran, Turkey and several other states expressed support for democratically elected Nicolas Maduro as Venezuela's only president.

    Chinese projects in Venezuela have been hit by the Latin American country's state graft, Venezuelan opposition leader Juan Guaio claimed in an exclusive interview with the South China Morning Post (SCMP).

    He argued that Venezuelan President Nicolas Maduro is "increasingly isolated and is largely acting alone" and that "China has witnessed at first hand the plundering of our state resources by Maduro's government".

    READ MORE: Crisis-Hit Venezuela to Ship Gold to UAE for Euros in Cash – Reports

    China's development projects in Venezuela "have been equally affected and falling due to governmental corruption and debt default", Guaido claimed.

    He also stressed his readiness to establish a "productive and mutually beneficial relationship" with China and wants to engage Chinese officials in a dialogue "as soon as possible".

    "China's support will be very important in boosting our country’s economy and future development," Guaido added.

    His remarks followed a statement by Chinese Foreign Ministry spokesman Geng Shuang saying that Beijing's deals with Caracas should not be affected "no matter how circumstances change" and that China remains in touch with "all sides" in different ways.

    READ MORE: EU to Set Up Intl Contact Group on Venezuela Crisis — Mogherini

    On 23 January, Guaido declared himself the country’s interim president, prompting Nicolas Maduro to blame the US for attempting to stage a coup in Venezuela.

    US National Security Adviser John Bolton, for his part, said that Washington had no plans for an imminent military intervention in Venezuela, with all options remaining on the table, however.

    Uruguay and Mexico, which along with Russia and a spate of other countries, earlier backed Maduro as Venezuela's only president meanwhile, said that they are planning to convene a conference on 7 February in the Uruguayan capital of Montevideo to try to hammer out a new dialogue mechanism to aid the country's return to stability. 

    Political Crisis in Venezuela (573)


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    relationship, government, projects, corruption, Juan Guaido, Nicolas Maduro, China, Venezuela
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