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China rebuffed U.S. concerns about its ties with Venezuela on Tuesday after Washington imposed new sanctions on the crisis-stricken oil-producing country following the re-election of its socialist President Nicolas Maduro. Maduro, the 55-year-old successor to late leftist leader Hugo Chavez, hailed his win in Sunday's election as a victory against "imperialism". In response to the vote, U.S. President Donald Trump issued an executive order restricting Venezuela's ability to liquidate state assets and debt in the United States, the latest in a series of sanctions that seeks to choke off financing for the already cash-strapped government.

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