Beijing re-states interest in doubling mutual investment in Portuguese-speaking countries

30 August 2007

Beijing, China, 30 Aug – The Chinese government Wednesday said it was focused on boosting economic relations with Portuguese-speaking countries, highlighting the target of doubling investment by 2010.

As well as increasing investment, Shan Xingxuan, of the Department for Taiwan, Hong Kong and Macau Affairs of the Chinese Trade Ministry, also noted Beijing’s efforts to increase trade between China and the Portuguese-speaking countries to US$50 billion, making use of the structure of the Forum for Economic Cooperation between China and the Portuguese-speaking Countries, known as Forum Macau.

In 2006, trade between Chin and the Portuguese-speaking countries reached US$34.08 billion, or 46.9 percent more than in 2005.

“Relations between China and the Portuguese-speaking countries have developed rapidly and we hope to boost them further in the future within the framework of Forum Macau,” Shan said.

Shan was speaking at the opening ceremony of the “Colloquium for Economic Administration Authorities of Portuguese-speaking Countries,” an organization of the Trade Ministry and Forum Macau, which is due bring together, in Beijing, 42 representatives of the economic administrations of all Portuguese-speaking countries, with the exception of Sao tome and Principe, which does not have diplomatic relations with Beijing.

The colloquium aims to provide information about the Chinese economy and the country’s economic and trade policies, to the delegations from Portuguese-speaking countries that are taking part in other to encourage cooperation between China and their respective countries. (macauhub)