From buses and trucks to a $500 million
golf resort, China is deepening its business footprint in Cuba, helping the
fellow Communist-run state survive a crisis in oil-benefactor Venezuela and
insulate against a possible rollback of U.S. detente. Cuban imports from China
reached a record $1.9 billion in 2015, nearly 60 percent above the annual
average of the previous decade, and were at $1.8 billion in 2016 as the flow of
oil and cash slowed from Venezuela due to economic and political turmoil in the
South American country. China's growing presence gives its companies a head
start over U.S. competitors in Cuba's opening market. It could leave the island
less exposed to the chance U.S. President Donald Trump will clamp down on
travel to Cuba and tighten trade restrictions loosened by his predecessor
Barack Obama. More…
No comments:
Post a Comment