中文 – ENGLISH
Growing number of Chinese tourists and investors are travelling to Cuba and Mexico for the fine weather, latin culture, cheap prices and business opportunities. It is estimated that in 2015 more than 70,000 Chinese visited Mexico and 28,000 visited Cuba. These numbers are extremely small compared with Chinese tourism to the city of Las Vegas which exceeded 200,000 last year, or the nearly 3 million Chinese visitors who travelled to other cities in the United States. However, China is set to use Cuba and Mexico as a springboard into the rest of central and south America where large populations of Spanish and Portuguese speaking people live. There is a huge opportunity for increased trade and tourism between China and latin America, especially once commodity prices stabilize. Three months ago, China opened up direct flights to Havana Cuba from Beijing. (The flight does make a short 1.5 hour stop in Montreal Canada)
We at Oasis Partners recommend everyone to take a vacation throughout the Central America, South America and the Caribbean to learn about the size and depth of Latin American culture. Mexico presents an interesting opportunity for both trade and capital investment because its currency is so cheap (18 pesos to 1 US dollar) and because it benefits from being included in the NAFTA free trade agreement with U.S. and Canada. NAFTA enables many goods to be traded between Mexico, U.S. and Canada without heavy taxes and duties.
Some pictures of Mexico City:
Cuba is located just 160 kilometers off the coast of Miami and needs every single product that China can provide. With a population of 10 million, it’s economy is not that different than China from 30 years ago. From medical supplies, to cars to construction tools, Cuba will readily purchase any goods the Chinese government is willing to provide financing on.
Here is a large property being restored by Chinese investors to be a grand hotel in downtown Havana. Generally speaking, the Cuban government will own 51% of any large project and foreign investors will own 49%. These buildings are very majestic with extremely tall ceiling heights of 4 meters or more:
Here are more pictures of Cuba, including their very small Chinatown in Havana:
Ultimately for the next decade, we encourage our members to diversify their hard-earned capital into safe places like United States and Canada, while enjoying the beauty and adventure of vacationing or looking for active trade opportunities in Latin America.