The Chinese government, one of the main allies of the Castro regime, decided to cancel a contract they had with the Island to buy 400,000 tons of sugar per year, which is a great loss for the Greater Antilles.
As if that were not enough, the Asian country decided to stop negotiations with Cuba, this because China is not satisfied with the economic model that exists on the Island, which has shown clear signs of being lost existence
according to Financial Times, The Caribbean country needs to implement market-oriented economic reforms before China decides to resume commercial relations with the Island, but for now, this marks the end of its bilateral relationship. has been going for over 15 years.
China’s demand reflects its dissatisfaction with the current economic model managed by the regime, which causes a lack of investment and has made it difficult to pay its debts.
According to official data, China’s exports to Cuba have decreased significantly in recent years, falling from 1.7 billion dollars in 2017 to 1.1 billion in 2022, something that will cause problems in several important areas such as biotechnology, luxury tobacco cultivation, seafood and nickel.
It is important to emphasize that the loss of this commercial partner could add to the economic crisis the Island is going through, as it is one of the Island’s largest commercial partners.
The previously mentioned media confirms that some businessmen in China believe that the Cuban regime has not made the promises about economic changes necessary to maintain stable commercial relations with their country.
In that sense, they emphasize that the lack of implementation of major reforms has led to a change in economic dynamics, forcing Chinese companies to work with the Cuban private sector to find safer work and less dependent on unreliable beliefs such as the Castro. regime
Undoubtedly, the latest news of commercial relations between Cuba and China will be a source of concern among the public, because thanks to the grants and contracts that the Asian country usually implements with the Island, this is seen as one of the few lifelines. he is on.
If this is taken into account, the situation may become more tenuous on the island, which has just recovered from a severe blackout that lasted almost five days and must work to get passed after the impact of Hurricane Oscar on the eastern part of the country. country, which left significant damage to the residential and agricultural infrastructure of the area.
