Chinese Foreign Minister Wang Yi said Beijing cannot accept any country acting as the “world’s judge” after the United States captured Venezuela’s President Nicolas Maduro.
The world’s second-largest economy has provided Venezuela with an economic lifeline since the U.S. and its allies ramped up sanctions in 2017, purchasing roughly $1.6 billion worth of goods in 2024, the most recent full-year data available.
Almost half of China’s purchases were crude oil, customs data shows, while its state-owned oil giants had invested around $4.6 billion in Venezuela by 2018, according to data from the American Enterprise Institute think tank, which tracks Chinese overseas corporate investment.
And what will they do hmm? Will they sell their low quality, slave labour shit elsewhere? Yea, didnt think so.
They just sell all the fucking bonds they have and tank them, the market for them, and the USA economy. Unless something has changed and i doubt it, China is the largest holder of USA debt related bonds sales in the world. It’s myopic to think the only way to wage war in this day and age is through bullets with boots on the ground.
As if US would ever pay that back…
Oh we’d have to, it’s a promise of its value. If China tanks the market then they’re worthless for everyone holding one and can call on them immediately for their value. If we don’t then no one will lend us money or buy them.