Business / Economy

Cuba, China sign new accords to boost economic cooperation

(Xinhua) Updated: 2016-08-27 10:58

HAVANA - Cuba and China on Friday signed new agreements aimed at deepening bilateral cooperation in a number of fields.

Zhang Xiangchen, deputy international trade representative with China's Ministry of Commerce, and Rodrigo Malmierca, Cuba's Minister of Foreign Trade and Investment, signed the conclusive documents for joint projects in the sectors of telecommunications, industry and water resources.

"We have reviewed the advances made in our relations and planned out our economic collaboration for the next year," Zhang told reporters after the signing.

Malmierca said the agreements prelude an expansion of bilateral economic cooperation.

"Chinese investments in Cuba are starting to blossom and we have a joint strategic vision of the future," he said.

China is Cuba' s second largest trading partner. Chinese enterprises have participated in many joint projects contributing to Cuba's economic and social development.

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