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This is coming from the Financial Times, so this is what the serious, sane capitalists actually believe. Xi, please, you have to see what's happening, right? 
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this post was submitted on 31 Oct 2025
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Chapotraphouse
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China had 2 decades to help Venezuela develop their productive capacity in order to refine their oil and they didn’t do shit.
DNC ass communist hegemon, with communist friends like these who needs capitalists
I think that might be due to geography. Any major Chinese redevelopment efforts for Venezuela would have to cross the US controlled Panama Canal, which the US would obviously crack down on. Sailing around Cape Horn is expensive and also dangerous.
While Venezuela is in the Belt and Road Initiative, anything large scale can't be air lifted would be costly.
It's only until relatively recently that China has taken an interest in helping the global south, namely 10 years. And even then, China has mostly focused on Eurasia and Africa. Latin America has been too far for China.
Rusia on the other hand has been more helpful historically.