Macau is “irreplaceable” platform for small and medium-sized companies to develop Portuguese-speaking markets

27 October 2009

Macau, China, 27 Oct – Macau has an “irreplaceable role” in creating opportunities in Portuguese-speaking countries for small and medium-sized Chinese companies, which can contribute to the development of those markets, the vice-president of the China Council for Promotion of International Trade.

During the International Forum for Trade and Investment, as part of the Macau International Fair, Zhang Wei noted that the territory could “support companies from the Pearl River Delta to develop business activities outside the country and attract investment from abroad, by boosting the link with Portuguese-speaking countries, transforming the crisis into opportunities.”

“Its role is irreplaceable,” noted the vice-president of the China Council for Promotional of International Trade, who said he hoped, via Macau Forum that small and medium-sized companies (SMEs) from Beijing “can establish excellent channels, actively developing markets in the Portuguese-speaking countries and start a new chapter of development outside the country.”

China is “carefully watching” the development of SMEs, he noted saying that they were now the “most active factor in development of the economy and the biggest drivers of economic growth and social development.”

There are currently over 42 million SMEs in China, accounting for 99 percent of the businesses in the country, absorbing 75 percent of the workforce in cities and towns. Their products and services generate 60 percent of China’s GDP.

This reality will contribute to “the great driving force for the next stage of economic growth that will come from emerging economies, including China,” said Zhang Wei, according to whom the “world is in a phase of reform and transformation,” projecting that relations and inter-dependence between states and territories will increase.

In this context, the vice-president of the China Council for Promotion of International Trade noted the importance of the Asian giant joining forces with Portuguese-speaking countries for mutual benefit, noting that, in 2008, the level of bilateral trade totalled US$77 billion (47.9 billion euros), or a rise of 66 percent on 2007.

The 14th edition of the Macau International Fair, which closed Sunday, SMES were in focus, with 143 stands, or more than twice the number at the 2008 edition. (macauhub)