Monday, April 4, 2011

China restructures Cuban debt

* Cuba debt to China could be as high as $4 billion
* China has become Cuba creditor of last resort
* China has 'suggested' that Cuba modernize economy
Also rumored that China will be doing the drilling for oil off the coast of Cuba. If Cuba and China team up, Cuba will be a force to be reckoned  with in the future. The Port of Santiago will be refurbished and trade between the two countries was at $1.5 billion in 2009. 

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