In the past year, China has secured some $65 billion in regional deals. President Obama's current visit to Latin America is seen as a counteracting move.
China has signed a number of trade deals throughout Europe that could boost struggling economies, but some Europeans have misgivings about the possibility of a financial lifeline from China.
The Venezuelan president touts Beijing's $4 billion investment as another punch in his bid to undermine US clout. China is more pragmatic.