Cuba gets $100M from China to help survive economic crisis

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China donates $100 million to Cuba to help it survive economic crisis and pledges support for the Caribbean country's 'core interests'

China is Cuba's second biggest trade partner after Venezuela. Both nations are strong political allies of Cuba.

Chinese President Xi Jinping and Diaz-Canel met on Friday and "the offer arose of a donation of around $100 million by China," Gil told Cuban state television. Gil said leaders of the two countries also discussed "the subject of the debt" that Cuba has accrued with China but did not specify the size of the debt.

In comments to Diaz-Canel, Xi said China hoped to "strengthen coordination and cooperation in international and regional affairs" with Cuba. The two will "go hand in hand down the road of building socialism with each's own characteristics," Xi was quoted as saying in a Chinese government news release.Diaz-Canel's visit is a further sign of how China is trying to jump-start its in-person diplomacy after a virtual shutdown of such exchanges during the pandemic.

 

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I hope China did not put it in a such big debt that Cuba can't pay it, as it has been doing in Africa for a while.

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