Belt and Road | Greater Bay Area
17 June 2020
Chinese businessman Lin Ji invested over 120 million escudos (about US$1.2 million) in his Sol Nascente medical clinic, which opened Friday in Mindelo on the Cabo Verdean island of São Vicente, Inforpress reports. The Cabo Verdean state-run news agency quotes the manager, Adilson Santos, as saying the clinic and its staff of 15 can offer … Continue reading "Chinese investor opens medical clinic in Cabo Verde"
16 June 2020
The Butantan Institute, one of Brazil’s leading biomedical research centres, will spend 85 million reals (about US$17.1 million) on trying out a Chinese vaccine against the Covid-19 virus on 9,000 Brazilian volunteers, Agência Brasil reports, quoting Governor João Doria of the state of São Paulo. The Brazilian state-run news agency quotes Mr Doria as saying … Continue reading "Chinese Covid-19 vaccine to be tried out on Brazilians"
16 June 2020
Angolan President João Lourenço has signed a decree allowing his government to borrow S$910 million from a syndicate of banks, led by Standard Chartered Hong Kong, to improve the water supply in the country’s capital Luanda, Novo Jornal reports. The Angolan newspaper says the money will be spent on a pipeline 6 km long which … Continue reading "Angola borrowing US$910 mln to improve Luanda water supply"
16 June 2020
China is preparing another batch of medical supplies intended to help Cabo Verde counter the Covid-19 pandemic, Inforpress reports, citing Chinese Ambassador to Cabo Verde Du Xiaocong. The Cabo Verdean state-run news agency quotes an open letter from Mr Du as saying he was moved by Cabo Verdean Health Minister Arlindo do Rosário’s promise to … Continue reading "China to send Cabo Verde more supplies for curbing pandemic"
15 June 2020
The Macau Association of Banks signed on Wednesday a cooperation protocol to let its members use the system developed by the Macao Polytechnic Institute (MPI) for automatically translating Chinese into Portuguese and vice-versa, MPI says. A written announcement by MPI quotes the head of the banking association, Ip Sio Kai, as saying the use of … Continue reading "Macao banks to use MPI automatic translation system"
15 June 2020
The transport network company behind the app 99 service in Brazil, which is owned by Didi Chuxing Technology Co. of China, has begun arranging the delivery of packages, O Estado de São Paulo reports. The Brazilian newspaper quotes a written statement issued by the operator as saying the app 99 service can be used to … Continue reading "Chinese-owned company starts package deliveries in Brazil"
15 June 2020
The Timorese government ratified on Wednesday an agreement with China on building a hospital and a school in Timor-Leste, Lusa reports, citing Timorese Foreign Minister Dionísio Babo. The Portuguese news agency quotes Mr Babo as saying on Wednesday he was given full authority to confirm the US$14 million deal on the construction of the Sino-Timorese … Continue reading "China does deal to build, hospital, school in Timor-Leste"
12 June 2020
The members of the board of the newly established Portugal-China SMEs Chamber of Commerce have taken office on Wednesday in a ceremony in the central Portuguese town of Condeixa-a-Nova, where the chamber will have its headquarters, Notícias de Coimbra reports. The Portuguese news website says the members include former Macao Legislative Affairs Office director Jorge … Continue reading "Board of Sino-Portuguese chamber for SMEs takes office"
12 June 2020
China Communications Construction Co. Ltd (CCCC) says its board approved on Tuesday investment by the state-owned enterprise in a Chinese consortium which has the contract to build and operate a road bridge in the northeastern Brazilian state of Bahia. CCCC told the Hong Kong Stock Exchange on Wednesday that a new subsidiary, CCCC South America, … Continue reading "CCCC given nod to take part in Brazilian bridge project"
12 June 2020
Guiné-Bissau intends to seek an agreement with China about exploiting Guinéan fishing grounds, similar to an agreement between Guiné-Bissau and the European Union, Lusa reports, quoting Guinéan Minister of Fishing Malam Sambú as saying on Tuesday. The Portuguese news agency says 70 Chinese-owned vessels are fishing in Guinéan waters at present. The Guinéan-EU agreement, in … Continue reading "Deal sought on Chinese access to Guinéan fishing grounds"
11 June 2020
Brazilian oil company Petróleo Brasileiro SA (Petrobras) sold 1.11 million tonnes of fuel oil last month, 231 percent more than a year earlier and the most in any month yet, BNAmericas reports, quoting Petrobras Chief Executive Roberto Castello Branco. The business intelligence website quotes Mr Castello Branco as telling an online seminar last week that … Continue reading "Chinese demand breaks Petrobras fuel oil sales record"
11 June 2020
Representatives of the Mozambican and Chinese authorities have begun talks on financing the resumption of work on the Moamba Major Dam in southern Mozambique, Jornal Notícias reports, quoting Mozambican Public Works, Housing and Water Resources Minister João Machatine. The negotiations between the Mozambican Ministry of the Economy and Finance, and the state-owned Export–Import Bank of … Continue reading "Mozambique, China discussing money to restart work on dam"
10 June 2020
The Portuguese municipality of Cascais, near the country’s capital, Lisbon, has imported manufacturing units from China for making masks meant to curb the spread of the Covid-19 virus among its people, Agence France-Presse (AFP) reports. The French news agency quotes Mayor Carlos Carreiras of Cascais as saying the units can make 5 million masks a … Continue reading "Portuguese city makes masks on Chinese machines"
10 June 2020
The amount of soybeans China imports rose to 9.38 million tonnes last month, 27.4 percent more than a year earlier, Reuters reports, citing figures given by the Chinese General Administration of Customs on Sunday. The news agency says the annual rise last month was the steepest in any month so far this year. The report … Continue reading "Brazil’s May soybean exports to China surge"
10 June 2020
The opening last October of a fishing port built with Chinese money in the central Mozambican city of Beira has improved business there for fishing enterprises big and small, and benefited the community at large, Jornal Notícias reports, citing the Secretary of State of the surrounding province of Sofala, Stella Zeca. The fishing port is … Continue reading "Chinese-funded port a boon to Mozambican fishing industry"
9 June 2020
The last three of an order for 10 train sets for intercity passenger services in Angola, all built by Chinese state-owned China Railway Rolling Stock Corp. Ltd, will be delivered in a few weeks, Expansão reports, citing National Institute for Railways of Angola Director-General Ottoniel Manuel. The Angolan newspaper quotes Mr Manuel as saying the … Continue reading "Last batch of Chinese-built train sets due in Angola soon"
9 June 2020
China was the biggest single source of money borrowed by Mozambique at the end of 2018, accounting for about US$2.1 billion or 39 percent of Mozambican public-sector external debt, O País reports. The Mozambican newspaper, citing a Mozambican government document, says Mozambican public-sector debt amounted to US$12.1 billion at the end of 2018, or 11 … Continue reading "China the biggest lender to Mozambique at end-2018"
8 June 2020
The Cabo Verdean legislature has passed a bill to set up a maritime special economic zone on and around the island of São Vicente, which China will back, A Nação reports. The Cabo Verdean newspaper says the members voted for the bill unanimously. The report says the bill sets out how to organise, develop and … Continue reading "Cabo Verdean lawmakers pass maritime economic zone bill"
8 June 2020
Chinese maker of electrical appliances and electronics TCL Electronics Holdings Ltd has announced that it will spend up to 325 million reals (US$64.2 million) on doubling to 80 percent its stake in its joint venture in Brazil, SEMP TCL. In a written announcement, TCL says taking the majority stake will lead to deeper penetration of … Continue reading "TCL to take majority stake in its Brazilian joint venture"
8 June 2020
Representatives of Angola are in touch with the authorities and financial institutions in China with a view to obtaining debt relief for their country, the Chinese Foreign Ministry spokesman, Zhao Lijian, has said. Mr Zhao told a press conference on Wednesday that China would take an active part in a programme the G20 has devised … Continue reading "China confirms that Angola asking for debt relief"
