Beijing wants to help Cuba push through market-oriented economic reforms, knowing from its own experience over the past three decades that private sector entrepreneurial activity can stimulate foreign investment, build national capital and promote domestic consumption. To this end, China has granted Cuba numerous long-term low or interest-free loans to support development and maintain financial and social stability through the reform process. It has also undertaken significant technology transfers and entered into joint ventures in farming, light industry, and tourism.
Posted on: Fri, 23 Aug 2013 21:24:41 +0000
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