China-Cuba trade rises 57% in first three quarters

China-Cuba trade rises 57% in first three quarters
(Xinhua)
Updated: 2015-10-30 13:27

HAVANA - Trade between China and Cuba reached $1.596 billion between
January and September in 2015, up 57 percent year-on-year, the Chinese
embassy in Havana announced Thursday.

The growth confirms that China is now the island nation's second largest
trade partner after Venezuela, said Ma Keqiang, economic counsellor at
the Chinese embassy.

Ma added that Chinese exports to Cuba reached $1.33 billion in the first
three quarters, up by 82.4 percent.

However, Cuban exports to China have actually dropped, due to a decrease
in the production of nickel, which is the country's principal export,in
addition to tobacco.

Ma also said more than 40 Chinese companies will participate in the 33rd
Havana International Fair on Nov 2-7 to further promote trade relations
between the two countries.

The companies are mostly related to the automotive, home appliances,
machinery and light industry sectors, he said.

Source: China-Cuba trade rises 57% in first three quarters - Business -
Chinadaily.com.cn -
http://www.chinadaily.com.cn/business/2015-10/30/content_22325953.htm