Belt and Road | Greater Bay Area
10 August 2020
China Three Gorges Corp. (CTG) has paid 220.3 million euros (about US$260.8 million) for 66.7 million more shares in Energias de Portugal SA (EDP), which the Portuguese electricity company is issuing to raise capital, EDP announced on Wednesday. EDP told the Euronext Lisbon stock exchange regulator that CTG exercised on Monday the right of first … Continue reading "CTG pays 220.3 mln euros to keep stake in EDP at 21.47 pct"
10 August 2020
The China (Xuzhou) Cross-Border E-Commerce Comprehensive Pilot Area, in the east of the country, shipped out last week its first direct export order, for excavator parts for Brazil, the Xuzhou Daily reports. The newspaper said on Wednesday the parts were made by XCMG Zhilian Logistics Service Co. Ltd, a subsidiary of Xuzhou Construction Machinery Group … Continue reading "New Chinese e-commerce zone ships first order to Brazil"
7 August 2020
Governments and other investors from Portuguese-speaking Countries could issue green bonds in Macao and Hong Kong, according to Jacky So Yuk-Chow, a finance professor at the University of Macau’s Faculty of Business Management. The report by the Lusa news agency quoted the academic as saying that Macao’s historic, cultural and linguistic ties to the Portuguese-speaking … Continue reading "Macao could be platform for green bonds, says academic"
7 August 2020
Agribusiness consultancy StoneX expects soy production in Brazil to grow by 8 per cent to a record 132.6 million tonnes next season as farmers expand acreage to meet strong Chinese demand, Reuters reports. The news agency quotes StoneX as predicting in a forecast released on Tuesday that Brazilian soybean plantings would expand to a record … Continue reading "Brazil forecast to produce record soybean crop"
7 August 2020
Coal miner Ncondezi Energy Ltd has delivered a study into how it will integrate the power station it plans to build in the northern province of Tete into Mozambique’s grid. In a press release on Monday, Ncondezi Chief Executive Hanno Pengilly says the final version of the study submitted to the state-run electricity company in … Continue reading "Grid integration plan delivered for Mozambican power station"
6 August 2020
Brazilian miner of iron ore Vale SA is thinking about loading its very large ore carriers, called Valemax ships, at the northern Brazilian port of Alcântara, where the water is deep enough for them, the South China Morning Post reports, citing port operator Grão-Pará Multimodal (GPM). The Hong Kong newspaper quotes GPM Executive Director Paulo … Continue reading "Vale mulls loading Valemax ships at Alcântara in Brazil"
6 August 2020
Chinese state-owned contractor Shanghai Construction Group Co. Ltd should complete this year the grain depot and processing facility that it began building last year in Baucau, in northeastern Timor Leste, the Chinese Embassy in Dili says. The embassy issued a written statement on Monday saying the contractor has done 70 percent of the work. The … Continue reading "Chinese contractor to finish Timorese grain depot in 2020"
5 August 2020
China National Cereals, Oils and Foodstuffs Corp. (COFCO) and the International Finance Corporation (IFC), an arm of the World Bank, have got together to try to make sure the farming of soybeans in Brazil is sustainable, COFCO says. The Chinese state-owned commodities trader issued a written statement saying it will use geographical information, including satellite … Continue reading "COFCO, IFC monitor sustainability of Brazilian soybean farms"
5 August 2020
A Sino-Angolan farming venture, Luckyman Angola Desenvolvimento Lda, has availed of an Angolan government lending programme, borrowing 1.95 billion kwanzas (about US$3.38 million) to expand, Angop reports. The Angolan state-run news agency says Angolan bank Banco BIC disbursed the money in the first quarter of this year. The report says Luckyman is using the money … Continue reading "Sino-Angolan farming venture borrows US$3.38 mln to expand"
4 August 2020
The Portuguese Freight Forwarders Association, Apat, and the China International Freight Forwarders Association (CIFA) have agreed to cooperate for the mutual benefit of their members, Apat announced last week. Apat issued a written statement saying the agreement provides for the associations to exchange information on any changes in policy or market trends that may affect … Continue reading "Portuguese, Chinese freight forwarders agree to cooperate"
4 August 2020
The board of Brazilian miner Vale SA is due to consider this month a proposal to expand the Vale mining complex in the northern Brazilian state of Pará to meet strong demand for iron ore in China, Reuters reports. The news agency quotes Vale executives as saying theirs is the only mining company capable of … Continue reading "Demand in China prods Vale to mull greater iron ore output"
4 August 2020
Since April over 30 businesspeople have expressed interest in setting up shop in the Cidade de China emporium in Luanda, and some have already done so, Lusa reports, citing Cidade de China Chairman Jack Huang. The Portuguese news agency quotes Mr Huang as saying in an interview that to help its tenants get over the … Continue reading "Chinese emporium in Luanda attracting new shopkeepers"
3 August 2020
Chinese drugmaker Sinopharm Group Co. Ltd and the authorities in the Brazilian state of Parana will soon ask permission to begin what would be the second clinical trial in Brazil of a potential Chinese vaccine against the Covid-19 virus, Reuters reports. The proposal will be submitted to the Brazilian federal regulator, Anvisa, in the next … Continue reading "Sinopharm wants to try out Covid-19 vaccine in Brazil"
3 August 2020
Chinese-owned Jiawei Alimentação Lda has opened in the southern Portuguese municipality of Vendas Novas a factory which makes Chinese traditional dumplings, O Digital website reports. The Portuguese news website quotes a written statement issued by Jiawei as saying the company has invested some 2.5 million euros (about US$2.9 million) in the factory that began operating … Continue reading "Chinese-owned company opens dumpling factory in Portugal"
31 July 2020
Transportation equipment manufacturer China International Marine Containers Co. Ltd (CIMC) has shipped a batch of liquefied natural gas (LNG) tanks to Brazil, China Finance Online reports. The Chinese website quotes Shenzhen-listed CIMC as saying in a written statement that the Brazilian customer ordered the tanks from a subsidiary, CIMC Enric, in late March for delivery … Continue reading "CIMC sends shipment of swiftly made LNG tanks to Brazil"
31 July 2020
State-owned contractor China Hyway Group Ltd has given the Angolan Ministry of Transport a batch of medical supplies worth 10 million kwanzas (about US$17,800) for countering the Covid-19 pandemic, the Angola Chinese News website reports. The Chinese-language website says the supplies include 20,000 surgical masks, 1,000 pairs of disposable gloves, disinfectant gel and hand sanitiser. … Continue reading "China Hyway donates medical supplies to Angolan ministry"
31 July 2020
A Chinese businessman in Mozambique, Wang Xiaojin, and other Chinese expatriate entrepreneurs are discussing the establishment of a way to help young Chinese living in over 50 countries in Africa to sell African seafood and meat in their homeland, the China News Service (CNS) reports. The Chinese state-run news agency quotes Mr Wang as saying … Continue reading "Entrepreneurs mull way to sell African fish, meat in China"
30 July 2020
Solar power company Canadian Solar Inc. said on Monday it intends to list shares in its photovoltaic module and systems business either on the Shanghai Stock Exchange Science and Technology Innovation Board or in the Shenzhen Stock Exchange ChiNext Market. Canadian Solar issued a written announcement saying it will seek to sell equity to investors … Continue reading "Canadian Solar to list shares in module business in China"
30 July 2020
Sino-Angolan contractor WH begun on Monday work on rehabilitating and expanding the Canâmbua neighbourhood health centre in the northwestern Angolan city of Malanje, Angop reports. The Angolan state-run news agency says the authorities there have set aside about 30 million kwanzas (about US$45,500) for the work, as part of the national programme of poverty alleviation … Continue reading "Sino-Angolan contractor begins rehabilitating health centre"
30 July 2020
Paradise Soaps of Cabo Verde intends to begin exporting the natural soap and shampoo it makes to Asia and Europe, starting with Macao, Inforpress reports, citing the proprietor, Inês Silva. The Cabo Verdean state-run news agency quotes Ms Silva as saying she hopes to resume within two months exporting Paradise Soaps products to the United … Continue reading "Cabo Verdean maker of soap, shampoo eyes Macao market"
