Shortly after Maduro’s government claimed victory in the Venezuelan elections on July 28, China quickly congratulated him on his “successful reelection” and the “smooth presidential election.” However, this congratulatory stance was premature as only 80 percent of the results had been reported, with at least 2 million more votes yet to be counted.
The majority of Latin American countries, including key nations like Brazil, Chile, and Mexico, have rejected China’s reaction and called for evidence to support the alleged victory. International organizations like the Carter Center, the Organization of American States, and the EU have labeled the election as fraudulent, with reports suggesting the opposition actually received 66 percent of the vote.
China’s swift support for Maduro’s government can be attributed to their significant economic ties, particularly the vast loan portfolio the country holds with Venezuela. With nearly half of all Chinese loans in Latin America allocated to Venezuela, China has a vested interest in ensuring stability and repayment, mainly through oil exports.
Despite neighboring backlash and regional concern, China continues to back Maduro’s regime, aligning itself against a growing consensus in Latin America. As China seeks to expand its influence across the continent through initiatives like the Belt and Road, it risks alienating regional partners by supporting an embattled government responsible for a prolonged economic crisis and mass exodus of Venezuelans to neighboring countries.
The rejection of Venezuela’s election results by Latin American countries is rooted in a collective memory of military dictatorships and a commitment to democratic principles. Leaders and citizens in the region understand the dangers of rigged elections and the consequences of unchecked government power, making them wary of supporting fraudulent regimes like Maduro’s.
For China to strengthen its diplomatic standing in Latin America and maintain its economic success, it must navigate contentious issues like the Venezuela crisis with more discretion. By aligning itself with failed economic systems and controversial regimes, China risks undermining its reputation as a reliable partner and jeopardizing its larger global ambitions.
China’s diplomatic challenges extend beyond Latin America, as it grapples with conflicts like the Russia-Ukraine war and struggles to mediate between rival nations like Iran and Saudi Arabia. As a major player in global trade and investment, China has more significant priorities than propping up unstable regimes like Venezuela, which could potentially hinder its broader strategic objectives.