Cuba-China Trade Increases

According to AP via International Herald Tribune, trade between Cuba and China grew by 23 percent to more than US$2 billion (€1.4 billion) in 2007, solidifying China’s place as the communist-run island’s second-largest economic benefactor behind oil-rich Venezuela.  China is Cuba’s second-largest trading partner and the top importer of Cuban products, especially nickel and sugar.

China’s influence throughout Latin America is prevelant, and its strategic relationship (economic & military) with Cuba is evident. 

Read the prospect of China’s rise to superpower status for 2008.

Excerpt of article:

Here comes the world’s newest superpower. The rest of the world is gloomily contemplating economic slowdown and even recession. Not in Beijing. China is set to make 2008 the year it asserts its status as a global colossus by flexing frightening economic muscle on international markets, enjoying unprecedented levels of domestic consumption and showcasing itself to a watching world with a glittering £20bn Olympic Games.

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