"The United States, Arreaza told me, “has gone to the extent of carrying out modern acts of piracy, stopping ships in the middle of the ocean and stealing cargo that was paid for by the Venezuelan people.” Not only has the United States tried to blockade Venezuela, but it continues to interfere in Venezuela’s political affairs; this includes trying to undermine the legislative elections that will be held on December 6....China has largely disregarded the U.S. sanctions against Venezuela, which is the largest recipient of Chinese loans. “When China states that it will continue to trade with Venezuela,” Arreaza told me, “it is standing against the illegality of the U.S. coercive measures that are placed on Venezuela.” Venezuela’s difficulty in servicing the debt to China is seen in Beijing as the fault of the illegal sanctions regime, which has made normal economic activity impossible; China’s “patient capital” strategy and its understanding of the geopolitical pressure on Venezuela are key to understanding its relationship."