🇨🇳🇻🇪 China is about to help turn Venezuela's lights back on, even as Washington tries to push Beijing OUT of the country.
A Chinese state-owned contractor apparently plans to restart a 600-megawatt unit at Venezuela's largest fossil-fuel power plant next month.
The plant has been largely shut since 2021.
And the electricity crisis is getting desperate. Venezuela recorded 531 protests over blackouts in September alone, more than 20 times the number a year earlier.
The timing is awkward for Washington.
Trump wants to dismantle Chinese influence in Venezuela, but Beijing is still helping repair the infrastructure the country desperately needs.
China is competing for influence. Now, by helping to keep the lights on.
Source: Bloomberg / Writer: Oliver
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