11 Apr, 2019
11 Apr, 2019
Brazil, Mozambique and Cabo Verde (Cape Verde) have fallen back a few places in the latest edition of the Global Competitiveness Index of the World Economic Forum, in which Angola is in the lowest position among Portuguese-speaking countries.
The Minister of Industry and Commerce of Mozambique, Ragendra de Sousa, at the 2018 edition of the Macau International Fair (MIF), called on China to invest in his country, in areas ranging from agriculture to forestry to infrastructure projects.
A pioneering Jesuit Chinese priest meticulously documenting the spending of his church in eastern China. A famous voyager, known as China’s Marco Polo, trying to recover a loan from his Portuguese debtor. A Robin Hood-style pirate in the South China Sea surrendering to the Qing government.
Angola obtained additional funding of US$2 billion from China, less than the US$11 billion sought, as China became more prudent in its lending to the African nation.
For centuries, one of China’s most coveted ceramics hailed from Shiwan, a district in Foshan, Guangdong province. The ware – developed in the region during the 16th century, when skilled Ming dynasty craftsmen from central China brought their expertise to Shiwan, weaving it with local artisan culture – came to be recognised as its own style, fashioned in heavily glazed colours and initially designed mainly for practical purposes.
Economic relations with Africa have been losing importance for Brazil's governments, which ignore the continent's potential, unlike China and other emerging economies, according to the Brazil-Africa Institute.
Imagine: a chip that harnesses energy from thin air. Another that uses body motion and temperature to recharge itself or a third that allows energy transfer among different devices wirelessly. Researchers at the State Key Lab at the University of Macau are making it a reality, and their work may prove pivotal in China's bid to challenge the technological superiority of the United States.
Macau's Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank's chief executive told the Tribuna de Macau newspaper.
The World Economic Forum last year forecast that Angola, alongside Mozambique, would be among the ten fastest growing leisure tourism destinations worldwide over the next decade.
Quinta da Marmeleira wines, owned by Macau businessman Wu Zhiwei in Portugal, were bottled for the first time in August and are expected to arrive on the market soon, including in Macau.
From 2010 to 2015, Shenzhen’s GDP grew at a rate of 79 per cent. This year, Shenzhen’s GDP is expected to reach US$350 billion, surpassing the projected US$345 billion GDP of neighbouring Hong Kong.
The Angolan government has approved the creation of a National Council of Public Works (CNOP) to coordinate major state works, replacing other existing structures under Presidential Decree No. 202/18, which came into force on 31 August.
China's Belt and Road initiative will provide relevant opportunities for European companies in the infrastructure, maritime, logistics, banking and financial services, professional services and energy sectors, according to the European Union Small and Medium Enterprises Centre (EU SME Centre).
Entities from Mozambique and China on Sunday in Beijing signed eight memoranda of understanding in the areas of infrastructure, industry, telecommunications, agriculture and financial services, during a business forum opened by Mozambican President Filipe Nyusi.
The World Bank suggests a stronger focus on agro-industry and light industry in Mozambique as a way to promote job creation and economic development in the coming years.
The New Development Bank (NDB), a financial institution created by the BRICS countries (Brazil, Russia, India, China and South Africa) is now available to finance non-member countries, becoming a source of funding for public-private projects.
China Railways has proposed the construction of a rail link connecting Mozambique to Zimbabwe via Zambia, a project costing an estimated US$2.5 billion that will give companies in the latter two countries easy access to Mozambique's ports.
Danny Leong, a Macao-born researcher in his 20s, discovered a new ant species in Macao, making them the fourth species to be named after the city.
Logistics and Distribution Centres, with a central role in wholesale and retail supply and price formation, are open to the private sector in Angola, under new legislation already in force.
Visitors to the Cotai Strip today see a row of luxury hotels and casinos, resembling the famous strip in the American gambling mecca of Las Vegas. Little do they know that the ground beneath their feet was once sea, an anchorage that played an important role in the history of Macao and its part in the Maritime Silk Road.
