Trump says he welcomes Chinese investment in Venezuelan oil

US President Donald Trump said Saturday he would “welcome” Chinese investment in Venezuela’s oil industry as the South American country seeks to revive its battered economy following the ouster of leader Nicolas Maduro. Venezuela sits on the world’s largest proven oil reserves and reformed laws this week to open the sector up to private and foreign investment. China had been the dominant buyer of Venezuelan oil under Maduro, whose January 3 capture by US forces drew condemnation from China’s foreign ministry and made uncertain Beijing’s future with Caracas. “China is welcome to come in and would make a great deal on oil. We welcome China,” Trump told reporters Saturday on Air Force One.He noted Venezuela’s Interim President Delcy Rodriguez on Friday agreed to an energy cooperation deal with India.