Trade volume between China and Cuba have fallen significantly in 2009 only 15 billion

The associated press reported that the 2009 China and Cuba's bilateral trade volume dropped by nearly one third. Doing business in Cuba Embassy Counsellor, Chen Feng Monday to accept Cuba local media "Opciones" interview, 2009 China bilateral trade with Cuba is 15 billion, compared to the previous year dropped by 31.5%. He said that the cause of this phenomenon is due mainly to the world economic recession allowing Cuba on Chinese exports of reduced demand.

The Opciones "the report said Chen wind announces this year will be donated to Cuba, Havana suburb 1.17 million for the construction of a luxury hotel. At present it is not clear, 2009 China and Cuba's 15 million trade for including November 2008 Chinese President Hu Jintao to visit Cuba is committed to providing assistance to the credit of 7800 million.

Associated press report said in Cuba and China trade has dropped significantly, Cuba and other main trading partners in countries such as Venezuela and Spain, and other bilateral trade volume has dropped significantly, this highlights the difficulties faced by the Cuban economy. 2008 Gulf Coast hurricane on Cuba's economic losses as high as $ 100 billion, and the international financial crisis and global recession allowing tourism tourists travel to Cuba to substantially reduce the number. In addition to the fall in international commodity prices are the main export commodities of the Cuban nickel exports affected.

China is Cuba's second largest trading partner after Venezuela. In order to support economic development in Cuba, Venezuela's President Chavez, huge-Cuba day 10 million barrels of crude oil supply. In return, Cuba is providing medical services to Venezuela.

China's economic and trade relations with Cuba to Cuba brought many obvious benefits, for example China aid 4000 brand Yutong Bus have taken the place of supply of the former Soviet Union during the cold war.

Chen Feng said that Cuba would continue to import China's electronic products, communication equipment and transport and agricultural products, etc.