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China Signs Investment, Trade Deals With Cuba
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Published: November 19, 2008
HAVANA - China's president was signing dozens of trade and investment deals with communist ally Cuba on Tuesday, part of a Latin America trip on which Chinese businessmen have been snapping up all manner of raw materials.
Taking the long view at a time of financial crisis, China is investing heavily in commodity-producing countries, and Cuba is no exception. The deals agreed to by President Hu Jintao included purchases of Cuban nickel and sugar, along with pledges to send food and building materials to help the Caribbean nation recover from three major hurricanes.
Other deals promise stronger ties in the future, such as a Chinese commitment to help renovate Cuba's aging ports, which are vital because Cuba receives virtually all its imports by sea.
Hu also thanked Cuba for sending doctors to China after last year's earthquake.
The Associated Press
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