Cuba & China Normalize Financial Relations

HAVANA TIMES, Dec. 19 — Cuban and Chinese authorities have agreed to normalize their financial relations as a result of the 23rd Session of the Intergovernmental Commission. The Asian giant also gave the island an unspecified interest-free governmental credit and a donation, both for development projects.

“China is a relatively new member of Cuba’s creditor club, having provided billions in loans over recent years. But it is now Havana’s biggest creditor and second largest trading partner, after Venezuela,” wrote Marc Frank earlier in the week for the Financial Times.



Leave a Reply

Your email address will not be published. Required fields are marked *

Photo of the Day

Photo of the Day
Picture 1 of 1

Varadero, Cuba by Night. By Rob Kulig (Canada). Camera: Samsung G s7

Submit your pictures to our Photo of the Day section
You don’t have to be a professional photographer, just send an image (in black and white or color), with a photo caption indicating where it was taken (city and country), type of camera or cell you used, and a small description about it.
Note: it is better for our format if you send horizontal orientation pictures. Even square will work but vertical is a problem.
Send your picture with your name and birth country, or where you reside, to this email address: yordaguer@gmail.com