China is an emergent actor which becomes more and more important in the Latin-American context. In this November 2016, the president Xi Xi Jinping visited Latin America concerning the APEC assembly, and it was the third time in less than four years, as a demonstration of interest in the region.

This visit, was accompanied by the signing of several commercial agreements with Ecuador, Peru and Chile.
In this text, we discuss the cooperation agreements between china and Venezuela where the payment with oil is one of their essential characteristics.

If it constitutes a new way to reach development objectives and bilateral relationships, it is a matter that only time and the conditions of raw materials exchange will tell.

In the meantime, Ambiente y Sociedad presents this document in order to contribute to the discussion.