China's Venezuela connection: A warm state embrace with corporate cold feet

Xi gives Maduro 'all-weather' backing as election storm further clouds investment

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Chinese President Xi Jinping welcomes Venezuelan President Nicolas Maduro in Beijing in September 2023, when they elevated ties to an "all-weather strategic partnership.' (Miraflores Palace via Reuters)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Deep suspicion over Venezuela's election results has triggered mass protests at home and harsh criticism from the West, but President Nicolas Maduro has received a full endorsement from Chinese counterpart Xi Jinping. Chinese businesses, on the other hand, appear less enthusiastic.

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