13 Feb, 2019
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.
Loans granted by China have become increasingly important in the maintenance and construction of roads in Mozambique and are expected to account for 53% of external financing in the road sector in 2018, the local press reported.
The Macao Museum is showing an exhibition detailing the extraordinary story of how a fully loaded cargo junk of the Southern Song dynasty (1127–1279) was recovered from the bottom of the sea off the coast of Guangdong province, where it now sits on permanent display at the Maritime Silk Road Museum.
The reform and opening of China in the last four decades have been “extremely successful,” the head of Brazil’s Trade and Investment Promotion Agency (Apex-Brasil) told Xinhua news agency.
The Macao Museum of Art (MAM) is showing an exhibition that transports visitors thousands of kilometres away to the southern coast of France, inviting them to experience the sharp light, deep sea blue, and rich colours of the Mediterranean through the work of a celebrated artist.
Credit granted by Chinese banks will support the financing needs of the Angolan State Budget for this year, which should signal a multi-level policy shift for the country, according to the International Monetary Fund.
If you’re a sports fan in Macao, chances are you tune in to football and basketball games for your weekly sports fix. The little-known sport of rugby is more associated with prep schools and elite colleges, and the smaller-scale sports fields in Macao bear little resemblance to the sprawling manicured lawns of the English boarding school where the sport was born.
The civil aviation sector in Mozambique, which is in the process of liberalisation, as of the end of August will have new competition rules, under legislation recently approved by the government.
Since China became Africa’s largest trading partner in 2009, trade has continued to flourish, aided by cooperative frameworks put in place by the Chinese government and its African counterparts. The momentum is expected to build over the medium term, and the Beijing Summit of the Forum on China-Africa Co-operation in September is likely to help ensure that these increasingly close economic ties become even closer.
Five of the six Portuguese-speaking African countries are on the list of 44 states that have subscribed to the African Continental Free Trade Area (AfCFTA) project, which received a generally positive reception from civil society.
For more than 30 years, Zhongshan has been one of the ‘four little tigers’ of Guangdong, an industrial powerhouse closely linked to the economies of Macao and Hong Kong. With the 13th Five-Year Plan (2016–2020), the central government gave the city four new priorities for its future development.
Trade between China and the Portuguese-speaking countries has increased 11-fold since Forum Macau was set up in 2003, and the Forum has played a "very important role" in Chinese globalisation, said China's Deputy Minister of Commerce.
China's foreign aid has tripled in the past decade and has been boosted in recent years by contributions to the Asian Infrastructure Investment Bank (AIIB), according to a new study recently conducted by the Japanese International Cooperation Agency (JICA).
In the last month, the Commercial Code for Companies in Mozambique has undergone changes that are considered "important" by the Legis-PALOP legal database, specifically in terms of founding companies and the duties of their directors.
The growing adoption of China's currency by central banks was advocated at a forum on foreign reserve management in Southern Africa held in Harare, Zimbabwe, with the participation of 14 countries in the region, including Angola and Mozambique.
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.
The China Development Bank (CDB) and the Export Import Bank of China (EximBank), the central financial vehicles for the "Belt and Road" strategy, are increasingly working with multilateral financial institutions and should strengthen sustainability in the new projects, according to three researchers from non-governmental organisation Chatham House.
For such a compact city, Macao is home to an impressive collection of 44 parks and gardens, covering almost ten percent of the land area. These lush, green outdoor spaces humanise the hard-edge result of urbanisation and provide a near-natural environment for people of all ages to enjoy a moment of tranquillity. But to landscape architect António Saraiva, the parks and gardens in Macao are more than just an escape from the bustle of city life.
Angola and Mozambique, the two largest Portuguese-speaking African economies, are facing high short-term economic and political challenges, according to the Bertelsmann Foundation Transformation Index (BTI 2018).
