The Sanctions, under President Obama, the first U.S. President to visit since the embargo, authorized specific licenses for travel conditions and other transactions directly related to attendance or professional meetings in Cuba. This did not change the sanctions, but simply softened them. With a change of policy came diplomatic travel which included increase in tourist industries; with U.S. businesses going in and Cuban entrepreneurs opening up their homes for restaurants and cars for joyrides.
Read MoreThe main contributor to the Chinese GDP is manufacturing. “Made in China” used to mean “low-cost labor stuff.” China has now transformed itself and although fewer products may be made in China, they are still within the region and Chinese products will be slightly more expensive.
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