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Venezuela's opposition leader says the days of China investing heavily in Venezuela's oil industry are over, thanks to the Maduro regime. Subscribe to GZERO's YouTube channel and turn on notifications (🔔): / @gzeromedia Sign up for GZERO's free newsletters on global politics: https://www.gzeromedia.com/subscribe China once poured untold billions into Venezuela’s oil industry, but opposition leader María Corina Machado says that era is over. “China was producing around 70,000 barrels a day in Venezuela in 2016. Today, that's less than 40,000,” she tells Ian Bremmer on GZERO World. The reason? “China does not want to deal with a profoundly corrupt, inept tyranny such as Maduro. They know him very well.” She argues that fears of China stepping in to rescue Maduro are misplaced; Beijing has already learned its lesson. For investors, Venezuela is a dead zone. “Would you lend to a country that ranks literally last in the world for rule of law?” Machado asks, citing the World Justice Project’s assessment of 142 nations. Despite holding the world’s largest oil reserves, Venezuela’s economy remains in ruins because, as she puts it, "you cannot develop resources under communism, crime, and dictatorship." But she insists that Venezuela is ready for change: “We know what we have to do in the first 100 days—guarantee security, restore basic services, and open markets.” The country, she says, is waiting for its chance to rebuild. Full episode: • Can Venezuela's opposition leader uns... Dig deeper: Meet the woman who scares Venezuela's dictator: • Meet María Corina Machado, the woman ... GZERO World with Ian Bremmer airs on US public television weekly - check local listings. New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to our YouTube channel and turn on notifications (🔔): / @gzeromedia Keep up with global news and why it matters. Follow GZERO! X: https://x.com/gzeromedia LinkedIn: / gzeromedia Instagram: / gzeromedia TikTok: / gzeromedia Facebook: / gzeromedia Threads: https://threads.net/@gzeromedia GZERO World on Apple Podcasts: https://podcasts.apple.com/us/podcast... GZERO World on Spotify: https://open.spotify.com/show/13QW2sL... GZERO Media, a Eurasia Group company, is a multimedia publisher providing news, insights, and commentary on the events shaping our world. Our properties include GZERO World with Ian Bremmer, our weekly show on US public television; our newsletters GZERO Daily, GZERO AI, GZERO North, and GZERO Daily with Ian Bremmer; our parody series Puppet Regime; our digital video series including Ian Bremmer's Quick Take every week; and the GZERO World Podcast. Our content is free and available at https://www.gzeromedia.com/. #GZEROWorld #China #Venezuela