Maduro won the 2018 election with 67.8% of the vote. The result was challenged by countries including Argentina, Chile, Colombia, Brazil, Canada, Germany, France and the United States who deemed it fraudulent and moved to recognize Juan Guaidó as president. Other countries including Cuba, China, Russia, Turkey, and Iran continued to recognize Maduro as president, although China, facing financial pressure over its position, reportedly began hedging its position by decreasing loans given, cancelling joint ventures, and signaling willingness to work with all parties. A Chinese Ministry of Foreign Affairs spokeswoman denied the reports, describing them as "false information".