How critical is China’s support for Venezuela?

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Xingjian Zhao, partner and head of the China practice, and Javier Coronado, Bogotá-based associate attorney, both at Diaz, Reus & Targ: “At the tail end of the Chávez regime, Venezuela, from all appearances, was China’s archetypal South American partner. The largest global net importer of crude, China was thirsty for oil—lots of it—while Venezuela maintained the world’s largest petroleum reserves.