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Chinese President Xi Jinping with Venezuelan President Nicolás Maduro in Beijing. Photo: Alex Wong / Getty Images

China's policy banks did not issue loans to Venezuela in 2017, departing from a decade-long trend of pouring billions into the country's economy, the Inter-American Dialogue found. In 2016, China lent $2.2 billion to Venezuela to bolster oil production in the country.

The backdrop: As the U.S. has retreated, pulling out of the Trans-Pacific Partnership, China has taken an increasingly influential role in Latin America, signing off big loans and investments to several countries. The lack of Chinese loans to Venezuela in 2017 could signal, however, that the Venezuelan economy and leadership seem too unstable to China — even though Beijing places far less weight on the quality of governance in nations where it invests than other countries do.

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Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.