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China's Xi eyes increased investment in Cuba

Published on Jul 23, 2014 9:21 AM
 
Chinese President Xi Jinping met his Cuban counterpart Raul Castro Tuesday in a visit to expand investment in the fellow communist nation, his last stop on a four-country Latin American charm offensive. -- PHOTO: REUTERS

HAVANA (AFP) - Chinese President Xi Jinping met his Cuban counterpart Raul Castro Tuesday in a visit to expand investment in the fellow communist nation, his last stop on a four-country Latin American charm offensive.

Castro greeted Xi with military honors at the Palace of the Revolution, where the two later held private talks.

Cuba, the only one-party communist state in the Americas, began opening up its economy in 2008, but has not grown as much as hoped and could desperately use more Chinese investment.

Xi for his part has made a point during his tour of reaching out to countries often shunned by US and European investors, including Venezuela and Argentina as well as Cuba.

 
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