channelnewsasia.com - China's Hu in Cuba to boost ties
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Asia Pacific News

 
 

China's Hu in Cuba to boost ties
Posted: 19 November 2008 0126 hrs

 
 
Photos  of

   
 

HAVANA: China's President Hu Jintao has arrived for a landmark visit to Cuba and was to meet on Tuesday with its leaders as part of efforts to boost ties with President Raul Castro.

Hu arrived in Havana on Monday for a two-day visit after attending the world economic crisis summit in Washington and making a stopover in Costa Rica, where he launched free-trade talks and a string of cooperation deals.

Hu's Latin America tour, which also includes an Asia-Pacific summit in Peru, comes as China expands its diplomacy and investment around the world, eyeing natural resources and developing markets for manufactured goods and even weapons.

Chinese exports to Latin America grew 52 percent in the first nine months of 2008 to 111.5 billion dollars, according to state-run Xinhua news agency.

China was Cuba's second business partner, after Venezuela, in 2007 with 2.7 billion dollars of combined trade, and one of its main creditors.

The two countries have remained close for decades, their Marxist Socialist past a driving force in relations, and they have increased ties since the fall of the Soviet Union in 1991.

"This visit is an expression of the excellent existing links between both parties and governments," said an official statement published in Cuba's official government paper Granma on Monday.

Hu's visit comes less than two weeks before the arrival of Russian President Dmitry Medvedev, in another Russian bid to fortify relations with outspoken US adversaries in Latin America on the back of a trip to Venezuela.

China offered key support to former Cuban leader Fidel Castro when Cuba fell into dire economic straits after the former Soviet Union collapse, forging a divide which Russia has recently sought to reduce.

Hu first visited Cuba in 2004 - again shortly after a US election - to oversee the signing of 16 cooperation agreements, which he was expected to build on this time.

Current deals include Chinese oil prospecting and extraction in Cuba - onshore and offshore - and two Cuban eye hospitals in China and a third under construction.

Since Raul Castro officially assumed power in February, taking over from his ailing older brother Fidel, analysts suggest he is moving toward China's market economy model, although authorities still underline support for Cuba's state controlled economy.

Raul Castro recently sought foreign investment for prospecting and exploitation of gold, silver, zinc and copper deposits.

China already invests in nickel, Cuba's main export, and hydrocarbons on the island which produces the equivalent of 80,000 barrels of oil and gas per day.

Granma on Monday lauded the Chinese model but underlined "an unequal distribution of wealth in the country, marked difference between city and countryside and the erosion of the environment."

Fidel Castro, who still influences the island's politics from his sickbed, ruled out a transition to capitalism in an article published on Saturday, and on Monday criticised leaders at a recent G20 summit for accepting US "demands."

It was unclear whether Hu would meet with Fidel, who has met with several foreign leaders in recent months including Venezuelan President Hugo Chavez and Brazilian President Luiz Inacio Lula da Silva. - AFP/de

 

 



Other asiapacific News
Philippine massacre suspect denies orchestrating killings
India marks one year after deadly Mumbai attacks
Pakistan bomb targets police, three wounded
Vietnam approves first nuclear power plants
Pakistan court indicts seven over Mumbai attacks
China reports eight cases of mutated H1N1 flu
Four arrested in Malaysia over grisly murder
Obama to unveil new Afghan plan on Tuesday
Philippine troops move against massacre clan
Philippine government expels massacre suspect as toll hits 57
Japan PM 'surprised' at reports of dubious funds from mother
China mine disaster toll hits 108
Taiwan wants elite force to protect island
Two Koreas to survey overseas industrial plants
India marks Mumbai attacks anniversary
Indonesia VP dismisses bank bailout concerns
Khmer Rouge prison chief 'should get 40 years'

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions