The Chinese Foreign Ministry has stated that peaceful dialogue and political means are the "only way" towards an enduring peace in Venezuela. Chinese Foreign Ministry spokesperson Hua Chunying's statement came in response to a question about the meeting on February 7th of an "International Contact Group" led by Uruguayan President, Tabare Vazquez, and attended by leaders of 14 countries, including Spain, Italy, Portugal and Sweden.
The Foreign Ministry spokesperson said China, "believes that Venezuela's affairs should be resolved by the Venezuelan people under the framework of its constitution and laws and through peaceful dialogue and political means. This is the only way towards an enduring peace in the country." However, she added that, "China supports the efforts by the international community to this end and hopes that all sides will continue to play a constructive role in the peaceful resolution of the Venezuela issue."
Late last month, the ministry issued a statement in Hua's name saying China, "opposes external intervention in Venezuela," rebuking calls in the US for military action to remove Maduro.
For years China has supported the current Venezuelan President, Nicolas Maduro, lending him billions to help the country's economy recover. In the last 10 years China has advanced $65 billion in loans, cash, and investment, while Venezuela is more than $20 billion in debt. China's only hope of being repaid is most likely by Venezuela ramping up oil production, although low petroleum prices and the country's crashing economy make this unlikely.
Two dozen nations, including the US and some of Latin America's biggest countries, have recognised opposition leader Juan Guaido as Venezuela's interim president while China and Russia are backing Maduro.