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Volt Insight

China doesn’t need Latin America’s oil — it needs its markets

Latin America has become a crucial market for Chinese vehicles, EVs, solar and clean-energy technology

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Henry Sanderson
Jan 06, 2026
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President Donald Trump’s capture and removal of Venezuelan president Nicolás Maduro has raised questions about what it means for China’s interests in the region, especially if Trump expands his attention to other Latin American countries.

China has been the biggest sovereign lender to Venezuela, in exchange for the country’s oil. In my first book, China’…

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