Monday, July 21, 2014

Cuba Hopes for More Investment as Chinese President Arrives

Chinese President Xi Jinping begins a two day visit to Cuba on Monday evening, stirring hopes on the island that China will finally invest in the country after a number of important deals never materialized. Xi was to meet with President Raul Castro on Tuesday and then fly to Santiago de Cuba to see plans to improve port facilities and recovery efforts from Hurricane Sandy, which devastated Cuba's second city almost two years ago.

Xi was in Brazil last week for a summit of the BRICS nations, which also includes Russia, India and South Africa. He then traveled to Argentina and Venezuela, signing a raft of multi-billion dollar credit and investment agreements, before stopping in Cuba on his way home.

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