"China will need to reassess its investment in Venezuela and its understanding of US foreign policy under Trump. Hours before United States special forces abducted Venezuelan President Nicolas Maduro last Saturday, Maduro met with China's special envoy to the Latin American country to reaffirm their nations' strategic relationship. Now the decades-long relationship is in question, as is the future of billions of dollars of Chinese investment in the country."
"Under the 19th-century Monroe Doctrine, recently revived by US President Donald Trump, the Western Hemisphere falls under the US sphere of influence and the US only. Trump invoked the doctrine in his latest national security strategy published late last year. Originally intended to keep Europe out of the Western Hemisphere, Trump's version emphasises the need to counter China's presence there."
"ABC News and CNN on Tuesday reported that the Trump administration was demanding that Venezuela cut ties with China, Iran, Russia and Cuba before it would be allowed to resume oil production. The White House declined to confirm or deny the reports, which cited unnamed sources. Trump has previously taken issue with Chinese investment in the region and claimed, incorrectly, during his inauguration speech last year that China was in control of the Panama Canal."
Hours before US special forces abducted Venezuelan President Nicolás Maduro, Maduro met China's special envoy to reaffirm a strategic relationship. That decades-long relationship and billions in Chinese investment in Venezuela are now uncertain. The Trump administration revived the 19th-century Monroe Doctrine, emphasising countering Chinese presence in the Western Hemisphere in its national security strategy. The Trump Corollary seeks a hemisphere free of hostile foreign incursion or ownership of key assets and to protect critical supply chains, implicitly targeting China. US media reported demands that Venezuela cut ties with China, Iran, Russia and Cuba before resuming oil production; the White House declined to confirm.
Read at www.aljazeera.com
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