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    Title: Sino-Venezuelan Relations: Beyond Oil
    Authors: Cheng, Joseph Y. S.;Shi, Huangao
    Keywords: Sino-Venezuelan relations;oil;trade and investment;balance in foreign policy objectives
    Date: 2008.09
    Issue Date: 2016-11-11 14:12:19 (UTC+8)
    Abstract: Sino-Venezuelan relations have witnessed an unprecedented intimacy since the beginning of Hugo Chάvez`s presidency in 1999. While scholars hold divergent views on the possible implications of the suddenly improved bilateral relationship, they have reached a basic consensus that oil has been the driving force. This article explores the underlying dynamics of this relationship from the Chinese perspective. It argues that oil interest actually plays a rather limited role and will continue to remain an insignificant variable in Sino-Venezuelan ties in the foreseeable future. Despite the apparent closeness of the ties in recent years, the foundation for continued improvement in the future seems far from solid. Sino-Venezuelan relations have caused serious concerns in the United States, which, for centuries, have seen Latin America as its sphere of influence. Although the neo-conservatives are worried about the deviant chάvez administration and a rising China, the chance of any direct U.S. intervention remains slim. Nevertheless, the China-U.S.-Venezuelan triangular relationship poses a challenge to the Chinese leadership in its effort to balance its various foreign policy objectives.
    Relation: Issues & Studies,44(3),99-147
    Data Type: article
    Appears in Collections:[Issues & Studies: A Social Science Quarterly on China, Taiwan, and East Asian Affairs] Issues & Studies

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