9 July 2020
China imported crude oil at the rate of 11.93 million barrels per day last month, 25.4 percent faster than a year earlier and the fastest rate in any month on record, the OilX Research website says. OilX Research says the rate last month was 7.4 percent faster than in May as the economy in China … Continue reading "Brazil, Angola take bigger share of Chinese oil market"
8 July 2020
The Brazilian regulator, Anvisa, says it has given permission for clinical trials of CoronaVac, a vaccine against the Covid-19 virus developed by Sinovac Biotech Ltd of China. Anvisa issued a written statement saying a Brazilian biomedical research centre, the Butantan Institute, asked for permission to try out the vaccine. The regulator says the vaccine will … Continue reading "Trials of Chinese anti-Covid-19 vaccine permitted in Brazil"
8 July 2020
The customs service in the eastern Chinese province of Jiangxi has cleared for import 17,700 tonnes of Brazilian cotton, after an inspection that lasted five months, the China News Service (CNS) reports. The Chinese state-run news agency says the cotton is the first yet imported by the holder of the Jiangxi provincial cotton reserves, a … Continue reading "Brazilian cotton imported by Jiangxi clears customs"
7 July 2020
XCMG Bank Brazil, owned by the Chinese maker of construction equipment Xuzhou Construction Machinery Group Co. Ltd (XCMG), has opened for business, Xinhua reports. The Chinese government-run news agency quotes XCMG Chairman Wang Min as saying in his speech at the opening ceremony, held online, that he believes the bank can serve Chinese and Brazilian … Continue reading "XCMG Bank Brazil getting down to business"
3 July 2020
Over 330 companies in 38 or more different parts of the world took part in the Brazil’s Independent Games (BIG) Festival, which was held online last week, the Brazilian Trade and Investment Promotion Agency says. The agency issued a written statement saying that among the entities taking part were ByteDance Ltd, the operator of the … Continue reading "Notable Chinese attendance online during BIG Festival"
2 July 2020
Governor João Doria of the Brazilian state of São Paulo has said he expects this week permission from the federal regulator to begin trials in the state of a Chinese-developed vaccine against the Covid-19 virus, called CoronaVac, Reuters reports. The news agency quotes Mr Doria as telling a press conference on Monday that 9,000 people … Continue reading "São Paulo set to try out Chinese vaccine against Covid-19"
2 July 2020
The China Chamber of Commerce for Import and Export of Textiles says over 160 potential buyers in Brazil, Peru, Bolivia and other South American countries took part in an online trade fair for goods made in the eastern Chinese province of Zhejiang. The chamber issued a written statement saying over 50 Zhejiang suppliers of textiles … Continue reading "South Americans scout online for Zhejiang textiles to buy"
1 July 2020
Brazilian Agriculture, Livestock and Supply Minister Tereza Cristina Dias says she is endeavouring to open the Chinese market for grapes to Brazilian exporters, Xinhua reports. The Chinese government-run news agency quotes Ms Dias as saying in an interview published on Friday that Brazil is also keen to sell China chestnuts, still wine, sparkling wine and … Continue reading "Minister trying to open Chinese market for Brazilian grapes"
30 June 2020
The Brazilian state-owned oil company, Petrobras, has begun using a Chinese-built floating production, storage and offloading (FPSO) vessel, the Petrobras 70, to extract oil and natural gas from the Atapu area of the Santos Bay pre-salt field off Brazil, Agência Brasil reports. The Brazilian state-run news agency says the Petrobras 70 began work about 210 … Continue reading "Petrobras puts Chinese-built FPSO vessel to work off Brazil"
29 June 2020
The regulator of the electricity industry in Brazil, ANEEL, said on Tuesday it is allowing power distributors to borrow so they can delay increases in the prices they charge, which the slump caused by the Covid-19 pandemic has made inevitable. A written statement issued by the regulator says distributors may ask a syndicate of banks … Continue reading "Covid-19 loans for Brazilian power distributors permitted"
29 June 2020
An eight-month web promotion campaign on business opportunities in Portuguese-speaking countries, co-sponsored by the Macao Trade and Investment Promotion Institute and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries, will be launched next month. Starting from July till February 2021, the campaign will feature one Portuguese-speaking country … Continue reading "Web promotion of business opportunities in Portuguese-speaking countries to begin next month"
26 June 2020
The Brazilian Trade and Investment Promotion Agency says it is taking applications by Brazilian companies wishing to exhibit at the China International Import Expo (CIIE) in Shanghai this year. The agency issued on Monday a written statement saying it will choose about 30 companies in the food and beverage business or in the farming business … Continue reading "Brazilian trade promotion agency preparing for Shanghai expo"
24 June 2020
The Brazilian banking regulator has given Xuzhou Construction Machinery Group Co. Ltd (XCMG) of China a licence to open a bank in Brazil, XCMG says. The Chinese maker of construction equipment says in a written statement that its plans for XCMG Bank Brazil passed a series of reviews by the Brazilian central bank, which were … Continue reading "XCMG Bank Brazil a step nearer to opening its doors"
23 June 2020
Capesize freight rates rose to their highest yet this year as a resurgence in the Chinese steel industry drove up Brazilian exports of iron ore due for delivery to China next month, Argus Media reports. The compiler of commodities data says rates for freight on Capesize ships bound from the eastern Chinese port of Qingdao … Continue reading "Brazilian iron ore exports to China push up freight rates"
19 June 2020
The UN Food and Agriculture Organization (FAO) says it expects strong demand from China, and permission for more slaughterhouses to export there, to drive growth of Brazilian exports of meat. An FAO biannual publication, Food Outlook, says the agency expects growth of 6 percent this year. Food Outlook says Brazilian output of beef and pork … Continue reading "FAO tips Chinese demand to spur Brazilian meat export growth"
18 June 2020
The Webinars on International Cooperation Against Covid-19 series opened at 20:00 (Beijing time) on 16 June, and the Secretary-General of the Permanent Secretariat of Forum Macao and several other government officials of Macao joined the online seminar with officials and government representatives from other Portuguese-speaking countries via a video link. The webinar series are scheduled … Continue reading "Permanent Secretariat of Forum Macao takes part in Webinars on International Cooperation Against Covid-19 series"
18 June 2020
The first ship registered at the free trade port of Yangpu on the southern Chinese island of Hainan has sailed on its maiden voyage, Xinhua reports. The Chinese government-run news agency says the China COSCO Shipping Corp. Ltd freighter COSCO Shipping Xing Wang, displacing 62,000 tonnes, was registered on Friday. The report says the ship … Continue reading "First ship registered at Yangpu heading for Brazil"
17 June 2020
About 300 businesspeople in 126 Brazilian cities took part in an event put on to promote the Canton Fair, which is being held online this year, Xinhua reports. The Chinese government-run news agency says Chinese officials gave last week an introductory presentation on the fair, and talked about incentives to attend. The report says the … Continue reading "Online Canton Fair promoted among Brazilian businesspeople"
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"
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"