23 June 2017
23 June 2017
23 June 2017
When looking at Latin America, China has historically focused its foreign direct investment in Venezuela. In recent years, however, Venezuela has fallen into major economic depression as a result of poorly crafted public policies and heavy dependency on crude oil exports in a depleted global oil market. In this adverse environment, China began diversifying its investments in Latin America and chose Brazil as one of the main destinations for foreign direct investment in the region.
The role played by Macau as a platform in the relationship between China and Portuguese-speaking countries is viewed with renewed interest by economic agents due to the establishment in the Special Administrative Region of the headquarters of the Fund for Cooperation and the "Belt and Road" initiative drawn up by the central government of China.
Alexis Tam Chon Weng, Secretary for Social Affairs and Culture, discusses how Macao is investing in the development of the cultural sector while improving the quality of life of local residents
The first of the two major natural gas projects will make Mozambique a major energy producer in the world, with Asia and especially China being the main market for the product.
