market reforms in biggest economic shift since the revolution


Source: wtop.com wtop.com
Key Topics in this News Article:
News Snapshot:

HAVANA (AP) — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward. The 176 measures aim to further decentralize Cuba’s state-run economy, which has been left gasping by a tightened embargo under President Donald Trump. Under the island’s current economic model, the government largely determines what is produced, who produces it, the prices at which goods are sold and how the country’s resources are allocated. The…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form