Q&A
Matt Ferchen
{
"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
China and Venezuela Reaffirm Economic, Social Ties
Though China is growing increasingly concerned about Venezuela’s economic, social, and political stability, it continues to provide finance and investment in an effort to strengthen relations.
By Matt Ferchen
Published on Jul 20, 2014
Appearing on CCTV America, Carnegie’s Matt Ferchen discussed the implications of China’s increasing investment in the oil-rich country of Venezuela. Although China is growing increasingly concerned about Venezuela’s economic, social, and political stability, Ferchen explained that it continues to provide finance and investment in an effort to strengthen relations.
For instance, Ferchen said, the China Development Bank (CBD) has done more than any other organization within the Chinese system to build up the financial and oil relationship with Venezuela. However, Matt Ferchen added that the opening of a new CBD office in Caracas does not necessarily signal optimism, but instead increased skepticism of Venezuela’s current stability. Ferchen said that in order to make Chinese investments productive, China is going to have to be involved in the process of improving the situation in Venezuela, be it socially, economically, or even politically.
This interivew was originally aired on CCTV.
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.
- How China Is Reshaping International Development
- Why Unsustainable Chinese Infrastructure Deals Are a Two-Way StreetArticle
Matt Ferchen, Anarkalee Perera
Recent Work
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 Russia Eurasia Center
- Price Analysis Shows China Holds Upper Hand in Russia Gas Supply TalksCommentary
A leak of Russian gas price data helps establish that China is paying Russia far less than Central Asian countries and Gazprom’s former European customers.
Sergey Vakulenko
- Stalled at the Front, Russia Seeks to Undermine Ukraine’s Economic CapacityCommentary
Russian strikes are weakening the economy sustaining Ukraine’s war effort. Closing the growing funding gap will require more European support and politically contentious reforms in Kyiv.
Balázs Jarábik
- Who Is Funding Russia’s War in the 2027 Budget?Commentary
For every ruble allocated to social policy, health, and education in 2027, double that amount is earmarked for the army, the police, and the security services.
Alexandra Prokopenko
- The Kremlin Can No Longer Postpone Hard Economic DecisionsCommentary
Depleted financial reserves and a shrinking tax base mean it is no longer possible to simultaneously deliver high defense spending, price stability, and economic growth.
Alexandra Prokopenko
- As It Turns 25, the Shanghai Cooperation Organization Reflects the New World OrderCommentary
With the growth in points of friction between the great powers, organizations like the SCO will continue to play a role in the strategic adaptation of the smaller powers caught between them.
Temur Umarov
