China Has Forgiven Nearly $10 Billion In Debt. Cuba Accounts For Over Half.

[El Presidente]

China National Tobacco Corporation would have to be among the front runners to buy Imperials 50% of Habanos sa. 

 

China Has Forgiven Nearly $10 Billion In Debt. Cuba Accounts For Over Half.

 

Over the last 18 years, China has written off around $9.8 billion in debt to other countries. Cuba accounts for over half of it.

The communist-led, closed-market economy has been a dependent nation since it was a Soviet outpost in the Cold War. And now, not all that much better off than it was in the 1980s, China funds have been as important to the left’s most romanticized Caribbean getaway as Venezuela’s highly discounted crude oil. Cuba had $6 billion in debt canceled in 2011, an outlier of the dozens of nations on the receiving end of Chinese government loans, based on a report by Development Reimagined and the Oxford China Africa Consultancy published in April.

https://www.forbes.com/sites/kenrapoza/2019/05/29/china-has-forgiven-nearly-10-billion-in-debt-cuba-accounts-for-over-half/#e1b8b5d615ba

[TBird55]

1 hour ago, El Presidente said:

China National Tobacco Corporation would have to be among the front runners to buy Imperials 50% of Habanos sa. 

So are you saying, FOH really is out of the running....

[El Presidente]

2 minutes ago, TBird55 said:

So are you saying, FOH really is out of the running....

I blame ken.

Our relationship with Habanos never really recovered after the Monte Open review when Ken looked into the camera and said....."Shame Habanos Shame!"  

[NSXCIGAR]

China should know better than anyone that you don't lend any money to a communist regime that you can't afford to lose. Only themselves to blame. 

[Fuzz]

In other news, Cuba has just signed an agreement to allow China to build a naval base in Cienfuegos Bay....

[RijkdeGooier]

10 minutes ago, Fuzz said:

In other news, Cuba has just signed an agreement to allow China to build a naval base in Cienfuegos Bay....

And to install nuclear missiles in the Sierra Maestra. Their new base will be named new Formosa ??

[Fuzz]

1 hour ago, RijkdeGooier said:

And to install nuclear missiles in the Sierra Maestra. Their new base will be named new Formosa ??

Those are not missile installations, only grain silos.

[Ritch]

China dont lend it give money with no conditions or for no reason.  There will be strings attached and they are also trying to build further markets and demand for their products. They are essentially trying to develop parts of the world by throwing money at it and infrastructure projects. Kinda colonialism without the gun ships.

They may end up with Imperials half, they could then make Chinese grown cigars and sell them with some very popular brand names.

Beware of the Chinese, first they buy, then study, then make inferior products that are cheaper and then finally with time better products. They have been a civilisation for 5000 years. They are playing the very long game. And I cant say I blame them or that it will be for the worst. On the whole, awful human rights abuses aside the overall aim of the Chinese ruling class is a peaceful world that advances in scientific knowledge and that brings further civilisation and development to the world.

[Fuzz]

1 hour ago, Ritch said:

China dont lend it give money with no conditions or for no reason.  There will be strings attached and they are also trying to build further markets and demand for their products. They are essentially trying to develop parts of the world by throwing money at it and infrastructure projects. Kinda colonialism without the gun ships.

They may end up with Imperials half, they could then make Chinese grown cigars and sell them with some very popular brand names.

Beware of the Chinese, first they buy, then study, then make inferior products that are cheaper and then finally with time better products. They have been a civilisation for 5000 years. They are playing the very long game. And I cant say I blame them or that it will be for the worst. On the whole, awful human rights abuses aside the overall aim of the Chinese ruling class is a peaceful world that advances in scientific knowledge and that brings further civilisation and development to the world.

And here I thought my brethren only had the goal of world domination.

[Capt. Corona]

15 hours ago, Ritch said:

China dont lend it give money with no conditions or for no reason.  There will be strings attached and they are also trying to build further markets and demand for their products. They are essentially trying to develop parts of the world by throwing money at it and infrastructure projects. Kinda colonialism without the gun ships.

They may end up with Imperials half, they could then make Chinese grown cigars and sell them with some very popular brand names.

Beware of the Chinese, first they buy, then study, then make inferior products that are cheaper and then finally with time better products. They have been a civilisation for 5000 years. They are playing the very long game. And I cant say I blame them or that it will be for the worst. On the whole, awful human rights abuses aside the overall aim of the Chinese ruling class is a peaceful world that advances in scientific knowledge and that brings further civilisation and development to the world.

They are winning the war without firing a single shot. ?

[Ritch]

Patience is a virtue. 

5000 years and they know how to play the game

[PigFish]

On 5/30/2019 at 12:52 AM, NSXCIGAR said:

China should know better than anyone that you don't lend any money to a communist regime that you can't afford to lose. Only themselves to blame. 

While I agree, with knuckle heads running our economy over the decades, we have racked up some 200T in unfunded liabilities. I would not buy our bonds either!

-Piggy