JEAIL > Volume 17(1); 2024 > Issue Focus
Research Paper
Published online: May 30, 2024
DOI: http://dx.doi.org/10.14330/jeail.2024.17.1.01

China in the Global South: Exploring Venezuelan’s Perceptions of Chinese Loans

Andres Borquez & Eduardo Carreño
University of Chile
Condell 249, Providencia, Chile.
Corresponding Author: andres.borquez@uchile.cl

ⓒ Copyright YIJUN Institute of International Law
This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/liceInha University Law School, 100 Inharo, Michuhol-gu, Incheon 22212 Korea. / nses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract
Historically, the People’s Republic of China (PRC) has provided development assistance to Latin American countries even though PRC has not achieved developed country status itself. In explaining this puzzle, the literature emphasises the prevalence of material and economic interests in the region. The present study seeks, by key informant interviews, to provide a deeper understanding of this dynamic, specifically by paying attention to how this practice has taken shape in the case of Venezuela. Beijing opens extensive lines of credit based on a holistic trial-and-error approach and case-by-case adaptation. Loans have shifted from being seen as a solution to local problems to becoming another source of national economic stagnation. The criticism directed towards Chinese lenders is that they lack clear standards and this holistic adaptation tends to perpetuate the bad practices of unstable governments.

Keywords : China, Venezuela, China’s Loans, Global South, Perception

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