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Despite high debts, Chinese businessmen continue to bet on Cuba, congratulates Díaz-Canel

Despite high debts, Chinese businessmen continue to bet on Cuba, congratulates Díaz-Canel

Madrid/After a week outside the island, Miguel Díaz-Canel landed in Havana in the early hours of Monday in the middle of a new energy chaos. “Back to Cuba we are still critical situation with the electricity generation and gradual restoration of the service in the eastern region, thanks to workers of the electricity union. The issue has been a priority in all our dialogues during the tour of Asia,” The president wrotewhich applauded in one of his previous messages the generosity of Chinese entrepreneurs to continue committed to Cuba despite the “high indebtedness levels.”

Of the three stages of the leader of the leader by the Asian continent, the stay in Laos has been, because of the little that has transcended to date, the least dedicated to the search for concrete economic agreements. “We are united by narrow, historical and indestructible ties of friendship and collaboration,” Diaz-Canel told Thongloun Sisoulith, his Laosian counterpart.

With him and other high positions he held meetings in which, according to the ruling party, they were addressed “the potentialities existing in economic, commercial and cooperation relations, mainly in sectors such as health, education and agriculture.” Little or no concretion in this regard, despite the many “signs of affection” that both parties lavished, including their dead revolutionary leaders, Kaysone Phomvihane and Fidel Castro, whose personal relationship, said the Cuban president, “is the basis of our indestructible friendship, brotherhood and solidarity relations.”


With him and other high positions he held meetings in which, according to the ruling party, they were addressed “the potentialities existing in economic, commercial and cooperation relations, mainly in sectors such as health, education and agriculture”

Nor has it left – which is known – particularly generous dividends the trip to China, which ended on Saturday, and that if a small novel victory brought the Cuban delegation is the progress of the biopharmaceutical collaboration, which will materialize in the new 81 mg aspirin. This drug, used as daily therapy to prevent heart disease and brain spills, will be available in Cuba from “the transfer of medsol laboratory technology to the Chinese company Hubei C & C, of ​​Wuhan”.

According to Canal Caribe, in a first stage there will be more than 100 million tablets with this collaboration that allow the sales of the PPG sales, a Cuban product against cholesterol that is marketed in China. To date, Medsol Laboratories imported the raw material of aspirin from the Asian country and manufactured on the island, which increased the product, but now it will be done in Wuhan directly and will be taken to Cuba.

Health authorities have explained that this product It is the first of many others that will follow the same scheme. “Once we have established the production of aspirin, we will also transfer the technologies for the elaboration of some antihypertensives, such as captoprile, Lisinopril and the combination of the most hydrochlorotiazide lisinopril,” said Mayda Mauri Pérez, president of the Biocubafarma Business Group.

It is the most concrete of the achievements that Diaz-Canel de Beijin was brought, where he told Chinese entrepreneurs that relations in the biotechnology sector “have established themselves, have been strengthened, and mark an example and learning of what we can do in other sectors of the bilateral relationship.” According to a presidency statement, more than 80 Cuban and Chinese institutions participated in the meeting, and 34 agreements linked to the constitution of new mixed companies, the creation of new science and innovation laboratories, the acquisition of raw materials, and the local production of medicines were signed.

Oscar Pérez-Oliva Fraga, Minister of Foreign Trade and Foreign Investment, was interviewed by Granma To talk about the results of the business event, which according to the medium will not be seen immediately. The minister said that the “interest of Chinese businessmen to continue participating in vital projects for the economic and social development of the country was seen there.”

Among them, he highlighted the transformation of the energy matrix through the two contracts with which 92 solar parks are being installed throughout the island. In addition, there is another cooperation agreement, which “will allow, after a few months, in a year, to install, for donation, of non -refundable cooperation, hundreds of Megawatt in photovoltaic solar energy”.


In addition, there is another cooperation agreement, which “will allow, after a few months, in a year, to install, for donation, of non -refundable cooperation, hundreds of megawatt in photovoltaic solar energy”

Among the conversations that were addressed was, again, the restructuring of private debt. “The government debt was already rearred, work in the last details to sign the reorganization of bank and financial debt, and the conditions to initiate, gradually, the rearrangement of the business debt are also created. This will put us in better conditions to interact and that Chinese entrepreneurs have a more important participation in the country’s development programs. We recognize that even in conditions of high indebted levels Chinese continue to bet on Cuba and working with Cuba, ”he explained.

In addition to the aforementioned energy and biotechnological industries, there was talk of food production, information and communications technologies, oil exploration and exploitation, mining, sugar agribusiness, tourism and trade, without concrete details in any.

The minister explained that a topic of interest to Chinese businessmen was that of bank transactions, which have presented difficulties in recent years. “The steps for the integration of Cuban commercial banks to the interbank system of cross-border payments (CIPS) are being finalized, a system to make transactions that would put us in better conditions to process our payments without the interference that causes the blockade of the United States,” said Pérez-Oliva Fraga, which specified that the authorities plan The Yuan.

“The meeting in Shenzhen was very interesting,” summarized the official. “Despite the difficulties, they raised to carry out new projects, and businessmen who did not know Cuba and were at the Friday meeting, showed interest in certain areas of cooperation.”

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