China said Thursday it opposed external interference in Venezuelan politics, after the US and major South American countries sided with opposition leader Juan Guaido over President Nicolas Maduro in a power struggle.

China is Venezuela's main creditor and Maduro visited the country in September, striking energy and gold mining deals as he sought Beijing's support to help his crisis-hit nation.

Maduro now faces trouble at home, where Guaido proclaimed himself acting president on Wednesday amid rival protests in Caracas.

"China has consistently pursued the principle of not interfering with other countries' internal politics, and opposes the interference (in) Venezuelan affairs by external forces," said Chinese foreign ministry spokeswoman Hua Chunying at a press briefing in Beijing.

"We are paying close attention to the current situation in Venezuela and are calling on all parties to remain rational and calm, and to seek a political resolution to Venezuela's problem through peaceful dialogue within Venezuela's constitutional framework," Hua added.

Asked whether China recognises Maduro, Hua recalled that Beijing had sent a representatives to his inauguration earlier this month.

"We support the efforts made by the Venezuelan government to maintain the country's sovereignty, independence, and stability," she added.

Major regional players Brazil, Colombia, Chile, Peru and Argentina all gave their backing to Guaido's self-proclamation as acting president.

The European Union called for free elections to restore democracy.

After US President Donald Trump recognised Guaido as interim leader, Maduro said he was cutting off diplomatic ties with Washington and gave US diplomats 72 hours to depart.

The US State Department responded by saying "former president Maduro" did not have the authority to sever relations.

Maduro was re-elected last May in voting boycotted by the majority of the opposition and dismissed as fraudulent by the United States, European Union and Organization of American States (OAS).

The 56-year-old leader was sworn in as president on January 10.

Maduro has control of virtually all of Venezuela's political institutions and enjoys the support of the military, but many blame him for the country's economic woes, which have left much of the population living in poverty with shortages of basic foods and medicines.

China has extended more than $60 billion in credit to the South American country over the last decade.

Venezuela still owes Beijing about $20 billion and has been repaying the debt with oil shipments.

Related Links
All About Oil and Gas News at OilGasDaily.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Scientists of the Samara Polytech have developed a new method for wells designing
Samara Oblast, Russia (SPX) Jan 24, 2019
Today, many emergencies while drilling are connected with rock instability. Collapse leads to large time and financial expenses. - The problem is that most of the existing models for assessing sustainability include several parameters that are most often included in the list of difficult-to-obtain data, - explains Associate Professor, Candidate of Technical Sciences Alexey Podyachev. These include, for example, the mechanical properties of the rock, which are determined by the core salvage (the ro ... read more