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Latin American Economy & Business - September 2016 (ISSN 1741-7430)

Cuba signs over 20 agreements with China

Given that Cuba is grappling with a sharp economic deceleration and a liquidity crunch – related to cutbacks in assistance from Venezuela – Cuban authorities welcomed the signing of a raft of trade and investment treaties during a three-day visit by the Chinese premier. However, the agreements will provide no quick-fix for the Cuban economy. Even if the investment materialises in full, projects will proceed extremely slowly, under the ever-watchful eye of the Cuban authorities.

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