From our Bureau of 21st Century Neocolonialism with some assistance from our Bureau of Asian Trojan Horses
Castro, Inc.’s fake president Trucutú the Beggar came home loaded with with gifts from China. What were these gifts? No one in China or Castrogonia is revealing the full details.
But thanks to Castro, Inc.’s Economy Minister Alejandro Gil, we know two significant details. First, China is giving Castro, Inc. 100 milllion dollars. Second, China has frozen Cuba’s massive debt, at least for the time being as “restructuring” talks take place. No indication was given about the exact amount of unpaid debts involved.
All of this means that Castro, Inc. has now been drawn even deeper into China’s Belt-and-Road Initiative, which can best be described as China’s plan to colonize as much of Latin America as possible.
Never mind the fact that Castro, Inc. is simultaneously prostituting itself to Czar Vlad the Invader. Since day one of the so called “Revolution,” Castro, Inc. has been prostituting itself to as many sugar daddies as possible without causing any serious friction or jealousy among them.
When it comes to being a whoring parasite, Castro, Inc. has mastered the art of keeping all of its sugar daddies relatively happy. But, who knows if this talent will last for long in our alarmingly unstable world order.
From Granma Euro-Lite (Reuters)
China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders.
Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with basic goods shortages and an energy crisis worsened by Hurricane Ian, which decimated western Pinar del Rio province in late September.
Gil was speaking in an interview with official media traveling with President Miguel Diaz-Canel as he returned home over the weekend from a tour of Algeria, Russia, Turkey and China.
Chinese trade and investment has slowed in recent years due to Cuba’s failure to meet restructured debt payments according to analysts and diplomats, a situation worsened by tighter U.S. sanctions, the pandemic and domestic economic inefficiencies.
“We are going to find mutually acceptable formulas for the ordering and restructuring of debts,” Gil said.
Analysts estimate the debt in the billions of dollars, although no official figures are available.
Cuba last reported its foreign debt in 2019 at $19.6 billion.
China is Cuba’s most important commercial partner after Venezuela, though trade has declined from over $2 billion in 2017 to $1.3 billion last year, according to the Cuban government.
Whole story HERE