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02:40

Cuba has rolled out a wide-ranging package of economic reforms aimed at pulling its struggling economy out of a deep crisis worsened by U.S. sanctions.

The new measures considerably expand the role of private initiative, encourage foreign investment in a wide range of sectors, and extend operational autonomy to state companies and municipal administrations, among other far-reaching reforms.

CGTN's Luis Chirino reports from Havana.

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Cuba rolls out economic reforms amid downturn