In this episode of China Decode, Alice Han and James Kynge break down Beijing’s response to Trump’s sudden takeover of Venezuela — a move that hits China’s energy interests, loans, and influence in Latin America, and raises the stakes far beyond oil. Then they turn to the EV race, where BYD has overtaken Tesla for the first time, signaling a potential power shift in the global auto industry. And finally, they look at China’s quieter — but surprising — rise as a luxury food superpower, from caviar to truffles, and what it says about trade, consumption, and state-backed strategy. 

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