The Intelligence from The Economist Xi’s not there: what China’s Venezuela response reveals
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Jan 6, 2026 
Aaron Connolly, Asia diplomatic editor, joins the discussion to delve into China's long-standing financial ties with Venezuela and the implications of recent U.S. actions. He explores how Beijing's support shaped Venezuela's expectations and the cautious responses of other Asian nations to avoid U.S. backlash. Connolly examines if the events could influence China's calculations regarding Taiwan and highlights the strategic gains China might seek amid increasing instability. Tune in for insights into global diplomacy and economic shifts!
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China's Limits In Venezuela
- China is Venezuela's biggest creditor and oil buyer but treats the relationship as a regional foothold rather than a core interest.
- Beijing's primary focus remains Asia, so it offers rhetorical support but avoids deep confrontation with the US over Venezuela.
Asia's Cautious Diplomatic Calculus
- Other Asian states mostly issued cautious or tepid responses because they prioritize relations with the United States and worry about economic fallout.
- Countries like Japan focused on consular help rather than condemning the US, showing limits to solidarity with Venezuela.
Venezuela Is Not A Taiwan Template
- The Venezuela operation doesn't set a precedent for China's thinking on Taiwan because Beijing treats Taiwan as an internal matter and fears US military intervention.
- The main deterrent for a Taiwan assault remains American military power, not legal norms.