SmittenCake Posted February 18 Share Posted February 18 Quote China is ready to work with Cuba to implement the important consensus reached by the two heads of state, deepen high-quality cooperation in jointly building the Belt and Road, promote the sound and sustainable development of bilateral trade, actively create a sound business environment for enterprises to invest, and jointly build a community with a shared future, He said. Ricardo Cabrisas Ruiz said Cuba is willing to strengthen practical cooperation with China in the economic and trade field and push for continuous new development of the special friendly relations between the two countries in the new era. Quote China's Belt and Road Initiative (BRI) has had limited direct impact on Cuba compared to some other countries. The Belt and Road Initiative is a massive infrastructure and economic development project launched by China in 2013, aimed at enhancing connectivity and fostering trade and investment across Asia, Africa, and Europe, and increasingly, other regions. Cuba, being in the Caribbean, is not a direct target of the Belt and Road Initiative in the same way as some Asian or African countries. However, there have been some indirect connections and discussions between China and Cuba regarding potential collaboration. Investment Potential: China has expressed interest in investing in Cuba's infrastructure projects. Although there haven't been major Belt and Road projects in Cuba, there have been talks about Chinese investment in areas such as transportation infrastructure, telecommunications, and renewable energy. Trade and Economic Cooperation: China and Cuba have maintained diplomatic relations for many years, and their economic ties have been growing steadily. While not directly part of the BRI, the principles of increased connectivity and trade promoted by the initiative align with China's broader economic engagement with Cuba. Political Relations: China and Cuba have historically had strong political ties, sharing a similar socialist ideology. This political alignment can sometimes facilitate economic cooperation between the two countries. Potential Future Collaboration: As the Belt and Road Initiative continues to evolve and expand, there may be opportunities for China and Cuba to deepen their economic ties further. Cuba's strategic location in the Caribbean could potentially make it more relevant to China's broader geopolitical and economic ambitions, especially regarding maritime trade routes and access to resources. However, it's essential to note that Cuba has historically been cautious about foreign investments and partnerships, prioritizing sovereignty and independence. While China may see opportunities for collaboration under the BRI framework, any significant developments would likely require careful negotiation and consideration of Cuba's domestic priorities and political sensitivities. - 2 Link to comment Share on other sites More sharing options...
Red Mage Posted February 18 Share Posted February 18 They can’t afford to pay for anything inside their own country, yet they want to expand their projects outside of the country. Bless their hearts. Fix that tragic birth rate, that abysmal unemployment and the crumbled real estate industry then see what else you can do. Lmao. Link to comment Share on other sites More sharing options...
Communion Posted February 18 Share Posted February 18 (edited) More and more US hegemony is coming to an end. Edited February 18 by Communion 6 Link to comment Share on other sites More sharing options...
Gov Hooka Posted February 18 Share Posted February 18 China builds, America bombs 4 Link to comment Share on other sites More sharing options...
Bosque Posted February 18 Share Posted February 18 Why is their picture giving Avril Lavigne Meet & Greet? 2 Link to comment Share on other sites More sharing options...
wastedpotential Posted February 18 Share Posted February 18 Belt and Road as a tactic to build better international relations between China and the receiving country has worked in the short term in most cases, but the list of projects that have reached financial solvency is not particularly long. BRI has a pretty spotty record with port projects; Gwadar and Baku are the only ones that made any strategic or financial sense, and it's unlikely that Chinese government will get their money back from either or gain the desired leverage over the Azerbaijani government anytime soon, let alone projects like El Hamdania that will never be completed or Hambantota that were just massive money-pits. I'd be more optimistic for the success of this project if it were to be a COSCO management deal (like in Piraeus and what fell through in Hamburg), but this looks to be a massive construction project. The nature of the Cuban economy is highly insular and self-reliant, and they don't have a particularly large trade/GDP ratio, so I couldn't even begin to guess at what the Chinese and Cubans plan to actually do with these ports. As far as I can tell, the only major product of Cuba that China doesn't produce for itself is sugar, but that's such a high weight/low value product that spending tens or hundreds of millions of dollars on port renovations seems pretty foolish. In terms of imports, I guess an expansion in capacity would probably help Chinese companies increase their profits in Cuba (at the expense of the Spanish, Italians, and Dutch), but the Cuban market is only 11 million people with low disposable incomes that are aging rapidly, so I can't imagine there's much room for any sort of import growth. Debt trap diplomacy has been pretty thoroughly refuted in the past few years, but other than broadening ties between two Socialist brother states and thumbing their noses at the US, this doesn't seem to serve any economic or policy interest. I don't think the Chinese have ever attempted an oil project through BRI before (there was talk in Sudan but that fell apart even before the most recent bout of civil war), so it'll be interesting to see if they have the technical acumen to succeed. I know the Italians tried for oil off Cuban shores and didn't find anything, but these drilling sites look to be a lot more than exploratory, so maybe there have been findings (?). If they can, it should be quite lucrative, as they'd be tapping the same oil pocket that Mexico and the US Gulf Coast sit on. Ironically, almost all of the global refining capacity tooled for Gulf of Mexico impurity filtering and processing are those in the US, and there's about a 0% chance of a single drop of Cuban-owned Chinese-drilled oil getting refined in Beaumont or Lake Charles. Thus, the Chinese or the Brazilians or whoever else would have to put a few hundred million dollars down in refining capacity investment before the oil will be metabolizable, and that probably puts the breakeven timeline for these wells at 30-40 years, if ever. Once again, Belt and Road is showing itself to be nothing more than Chinese diplomats finding more and more inventive ways to flush money down the toilet. I hope you girls have fun spinning this one into your narratives 1 Link to comment Share on other sites More sharing options...
SmittenCake Posted February 18 Author Share Posted February 18 45 minutes ago, Red Mage said: They can’t afford to pay for anything inside their own country, yet they want to expand their projects outside of the country. Bless their hearts. Fix that tragic birth rate, that abysmal unemployment and the crumbled real estate industry then see what else you can do. Lmao. Did you just describe the USA or UK? Link to comment Share on other sites More sharing options...
BionicWooHoo Posted February 18 Share Posted February 18 6 minutes ago, SmittenCake said: Did you just describe the USA or UK? Oop. You’re right and you should say it. Link to comment Share on other sites More sharing options...
Onyxmage Posted February 18 Share Posted February 18 (edited) Oh im sure this is going to be a MESS. The Chinese people have just been swindled out of their money for FAKE infrastructure projects that they invested in and many of them are out of their life savings. Now they want to partner with Cuba? Havent the Chinese people been through enough? Edited February 18 by Onyxmage Link to comment Share on other sites More sharing options...
Onyxmage Posted February 18 Share Posted February 18 (edited) 48 minutes ago, Gov Hooka said: China builds, America bombs They also swindle their own people out of their life savings for failed infrastructure projects. Crumbling buildings and broken dreams: China’s unfinished homes | Infographic | Al Jazeera Edited February 18 by Onyxmage Link to comment Share on other sites More sharing options...
Archetype Posted February 18 Share Posted February 18 One of our biggest mistakes ever I fear Link to comment Share on other sites More sharing options...
shakeyourbombom Posted February 18 Share Posted February 18 Cuba is going to get a lot of debts like what they did in Pakistan, Sri Lanka etc. Link to comment Share on other sites More sharing options...
Gottasadae Posted February 18 Share Posted February 18 16 hours ago, Gov Hooka said: China builds, America bombs My neighborhood are mostly a chinese immigrants and non of them are even considering to go back and live in China, since they have a pretty great businesses and income in US, so yeah, whatever nonsense makes you and your buddies happy Link to comment Share on other sites More sharing options...
playboi Posted February 18 Share Posted February 18 I really don't understand why leftists have such a hard on for what appears to be next global imperialist state aka China Link to comment Share on other sites More sharing options...
Communion Posted February 18 Share Posted February 18 2 hours ago, Gottasadae said: My neighborhood are mostly a chinese immigrants and non of them are even considering to go back and live in China, since they have a pretty great businesses and income in US, so yeah, whatever nonsense makes you and your buddies happy This is an odd claim given the current trend is that - more so than ever before - Chinese students who study and become educated in America are moving back to China in numbers before seen. Link to comment Share on other sites More sharing options...
AMIT Posted February 18 Share Posted February 18 1 hour ago, playboi said: I really don't understand why leftists have such a hard on for what appears to be next global imperialist state aka China So you agree imperialist states are bad? 1 Link to comment Share on other sites More sharing options...
Recommended Posts