China’s investment in Portuguese-speaking countries reaches US$50 billion

China’s direct investment in Portuguese-speaking countries has reached US$$50 billion, Macau Forum Secretary-General Xu Yingzhen said in an interview with local Portuguese-language newspaper Tribuna de Macau.

Xu also recalled that trade between China and Portuguese-speaking countries grew from US$6 billion in 2002 to US$117.6 billion in 2017.

The secretary-general of the Forum said that one of the jobs of the Macau Forum is to promote the construction of the Macau platform and to ensure that the Special Administrative Region has an increasingly important role.

Xu also said that Macau, “through its own advantages, because it historically has relations with Portuguese-speaking countries, can promote cooperation between China and these countries.”

“Macau is becoming a platform for conventions and exhibitions and services to small and medium-sized enterprises, as well as financial services, and also has a portal. Through these platforms, it can promote cooperation between China and the Portuguese-speaking countries and work towards training bilinguals and train staff from Portuguese-speaking countries.”

The Secretary-General said the work of the Forum will continue to focus on promoting economic and trade cooperation, particularly in sectors such as infrastructure, productive capacity, tourism and maritime cooperation, but noted that the Forum “also gives great attention to the area of culture, because what is most important in culture is the connection between people and between peoples.”

Xu Yingzhen told the newspaper that the fact that Brazil has a delegate who is more present at the Macau Forum is positive because the South American country “has a very large market that Chinese business people are very interested in getting to know better. From Brazil’s point of view, the fact that the delegate accompanies our activities allows us them to know more about the work of the Macau Forum and the potential of the interior of China.”

Referring to Portugal, which also has a non-full-time delegate, the secretary-general said that “the role of Portugal is very important for the Macau Forum. There are certain areas that in Portugal are very developed such as innovation. Through its participation, Portugal can lead the cooperation with both with Macau and the interior of China, so it has a pioneering role.”

Speaking to the newspaper, Xu said efforts were needed to provide people with more information about the opportunities, policies, areas of cooperation and projects available in both China and the Portuguese-speaking countries. (macauhub)