China launches US$1 billion fund in March to support relations with Portuguese-speaking countries

8 March 2012

The secretary general of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries, which is based in Macau, announced in Beijing that at the end of this month the fund announced by Chinese Prime Minister Wen Jiabao in November 2010 at the third ministerial meeting of the Forum will be launched in March and provide credit of US$1 billion

According to Angolan news agency Angop, Chang Hexi said that, “regulations for access to the credit lien are being drawn up and it will mainly serve to support Chinese companies and those from forum member nations in projects put in place in Portuguese-speaking countries.”

Chang Hexi during a meeting with Angola’s ambassador to China, João Garcia Bires, also announced that scholarship holders from Angola linked to the hotel and tourism sector and other areas would soon take part in training programmes in the People’s Republic of China with sponsorship from Macau.

The secretary general of Forum Macau, Chang Hexi presented some of the activities carried out by his secretariat notably measures to support development of Portuguese-speaking countries as announced by Chinese Prime Minister Wen Jiabao.

Forum Macau aims to promote cooperation and economic development of Portuguese-speaking countries and develop Macau’s role as a platform to link the People’s Republic of China to those countries, with the exception of Sao Tome and Principe which has diplomatic relations with Taiwan. (macauhub)