China at risk with Venezuela oil bet

Asia Times Saturday 16th February, 2013

China at risk with Venezuela oil bet By Matt Ferchen Referring to the evolving political crisis in Venezuela, a Shanghai Academy of Social Science scholar, Zhang Jiazhe, recently remarked, if Hugo Chavez dies, "the diplomatic effect on China won't be large because China-US competition is in Asia not Latin America. Economically, China-Venezuela relations are based on oil and weapons sales". Back in 2006, Beijing University Professor Ha Daojiong, however, sounded a more skeptical note when he wrote, "The search for overseas oil supplies has led Beijing to pursue close diplomatic tie...

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Source: http://www.chinanationalnews.com/index.php/sid/212615219/scat/9366300fc9319e9b

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