Chinese Businesspeople Interested in Investments, Industries in Cuba

Beijing, May 18 (Prensa Latina) Chinese businesspeople have expressed growing interest in the opportunities offered by Cuba in the fields of foreign investments, industries and the development of economic cooperation, official sources said today.

Guillermo Garcia, general director of the representation office of the Ministry of Industries told Prensa Latina that the Chinese entrepreneurs’ interest was expressed by the high participation of local companies in the lecture on those issues that was given in the Cuban Embassy in Beijing.

The lecture dealt about the atmosphere for investments in Cuba and the promotion of the event Cubaindustria 2018, scheduled from June 18-22 in Havana.

According to Garcia, nearly 100 representatives of 70 Chinese companies and institutions attended the lecture; that is, nearly twice as many as previously.

Most of them were interested in the possibilities of doing business in such sectors as transportation, production of solar and photovoltaic panels and consumer goods, specifically textiles, he pointed out.

They also expressed their intention to participate in Cubaindustria, both in the fair and the many congresses that will be held parallel to that event.

For her part, the economic-commercial representative of the Cuban Embassy, Yohanely Savigne, told Prensa Latina that participants in the lecture were pleased, because they got first-hand accurate information about Cuba’s policies and where foreign investments are needed.
In that regard, they identified niches and facilities existing in Cuba for commercial activity, were interested in the expanded portfolio of investment projects and even decided to study it in depth to contact the Cuban Embassy later to clarify some aspects.

Friday’s lecture was organized in conjunction with the Chamber of Commerce for Machinery and Electronic Products Export and Import, and the Council for the Promotion of International Trade of China

The lecture consisted of a presentation of Cuba’s general characteristics, the update of its economic model, leading products and sectors, and the Mariel Special Development Zone (ZEDM), an area with advantages and a strategic location to attract foreign capital.

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