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Venezuela’s key customer China no longer needs it
This makes the rebuilding of Caracas’ oil industry much more complicated.
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China has been the most important consumers of Venezuelan crude for years, but electric vehicles now comprise more than half of the country’s auto sales.
PHOTO: ADRIANA LOUREIRO FERNANDEZ/NYTIMES
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From one angle, the US action to arrest Venezuela’s former president Nicolas Maduro and seize control of the country’s oil industry is an attempt to muscle China’s influence
In a world breaking up into spheres of influence, the Donroe doctrine
