• Research
  • Emissary
  • About
  • Experts
Carnegie Global logoCarnegie lettermark logo
DemocracyIran
  • Donate
{
  "authors": [
    "Matt Ferchen"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie China"
  ],
  "collections": [
    "China and the Developing World",
    "China’s Foreign Relations"
  ],
  "englishNewsletterAll": "",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie China",
  "programAffiliation": "",
  "programs": [],
  "projects": [],
  "regions": [
    "North America",
    "South America",
    "East Asia",
    "China"
  ],
  "topics": [
    "Economy"
  ]
}

Source: Getty

In The Media
Carnegie China

Whither Venezuela After Chavez?

China’s business and trade links to Venezuela play a far more prominent role in shaping and defining the bilateral relationship than political or diplomatic ties.

Link Copied
By Matt Ferchen
Published on Mar 7, 2013

Source: Voice of Russia

Speaking to Voice of Russia, Carnegie’s Matt Ferchen explained China’s interests in Venezuela and how Chinese-Venezuelan ties will be affected after the death of Hugo Chavez. While Chinese business and political leaders are certainly anxious about the political situation that may emerge and the direction that the new leadership might take the country, the level of Chinese investment in Venezuela means that China would be happy with any Venezuelan leader who continues to encourage China’s investment and is a reliable and predictable partner, Ferchen said. 

Although China and Venezuela have close business and trade ties, foreign policy and political relations are marginal, Ferchen added. Venezuela hopes that closer political ties and ideological support from China would follow closer business ties were not met. Instead, asserted Ferchen, Chinese State Owned Enterprises and banks played a far bigger role in forging the bilateral relationship, often acting independently of the government and Ministry of Foreign Affairs.

About the Author

Matt Ferchen

Former Nonresident Scholar, Carnegie-Tsinghua Center for Global Policy

Ferchen specializes in China’s political-economic relations with emerging economies. At the Carnegie–Tsinghua Center for Global Policy, he ran a program on China’s economic and political relations with the developing world, including Latin America.

    Recent Work

  • Q&A
    How China Is Reshaping International Development

      Matt Ferchen

  • Article
    Why Unsustainable Chinese Infrastructure Deals Are a Two-Way Street

      Matt Ferchen, Anarkalee Perera

Matt Ferchen
Former Nonresident Scholar, Carnegie-Tsinghua Center for Global Policy
Matt Ferchen
EconomyNorth AmericaSouth AmericaEast AsiaChina

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Endowment for International Peace

  • De la Espriella moving through a crowd and smiling
    Commentary
    Emissary
    Trump Can Play Kingmaker in Latin America. He Can’t Build Lasting Influence.

    In Colombia and elsewhere in the region, the United States is trying to shape election outcomes—but at what cost?

      Oliver Stuenkel, Adrian Feinberg

  • Commentary
    President Lee Jae Myung: A Year in Power

    President Lee marked his first year in office after one of the most tumultuous periods in South Korean politics. Though Lee has enjoyed a high approval rating, a large majority in the National Assembly, and foreign policy victories, Lee and his party’s political fortunes depend on generating economic growth, learning the right lessons from the recent local elections, and managing contentious factional strife within his political base.

      Chung Min Lee

  • Article
    China Is Building New Financial Architecture for Clean Energy Tech. It May Come with Conditions.

    China’s central bank swap lines could help developing world leaders drive their energy transition—if they harness conditionality to protect their interests.

      Ebipere K. Clark

  • Europe trade economy container supply chains
    Paper
    From Trade Dependence to Geopolitical Leverage: The EU in an Era of Weaponized Interdependence

    As geopolitical rivalry weaponizes global supply chains, the EU’s true vulnerability lies in emerging-risk imports. For these goods, suppliers are growing more concentrated, substitution more difficult, and political risk is looming.

      Sinan Ülgen

  • Pashinyan surrounded by supporters while speaking to reporters
    Commentary
    Next Steps Toward Peace After the Armenian Elections

    It’s time to build momentum, and Ankara is the venue of the next opportune diplomatic window to do this.

      • Garo Paylan

      Alper Coşkun, Garo Paylan

Get more news and analysis from
Carnegie Endowment for International Peace
Carnegie global logo, stacked
1779 Massachusetts Avenue NWWashington, DC, 20036-2103Phone: 202 483 7600
  • Research
  • Emissary
  • About
  • Experts
  • Donate
  • Programs
  • Events
  • Blogs
  • Podcasts
  • Contact
  • Annual Reports
  • Careers
  • Privacy
  • For Media
  • Government Resources
Get more news and analysis from
Carnegie Endowment for International Peace
© 2026 Carnegie Endowment for International Peace. All rights reserved.