A longtime friend to the government in Caracas, China has for years pumped money into the oil fields and infrastructure of the South American country. Maduro’s ouster is a blow to that partnership that could leave Chinese banks facing billions in unpaid Venezuelan debt.
But viewed from Beijing, the stakes are much higher than that. The shake-up was also the loudest warning shot yet of a deeper campaign for the Trump administration: to root out China’s influence across Latin America.