Chinese officials have reached out to counterparts in Venezuela and the US to seek assurances regarding their loans to Venezuela, Bloomberg reports citing people familiar with the matter

Chinese officials have reached out to counterparts in Venezuela and the US to seek assurances regarding their loans to Venezuela, Bloomberg reports citing people familiar with the matter.

The outreach by Chinese officials to both Venezuela and the US underscores China's interest in ensuring the stability of its financial commitments in Venezuela amidst potential geopolitical pressures. This move may signal an effort to mitigate risk and maintain influence in the region, potentially affecting commodities and emerging market sentiment, especially if it leads to any shifts in diplomatic relations or financial support mechanisms.