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China

IPIM and Apex may increase the exchange of information to promote businesses in Brazil and China

8 March 2017
The Macau Trade and Investment Promotion Institute (IPIM) and the Brazilian Agency for Export and Investment Promotion (Apex) may strengthen the exchange of information to develop a partnership as a way of expanding the presence of companies in the two countries, said Jackson Chang on Tuesday in Brasilia.

Environmental management of the Amazon attracts the attention of representatives of the Pan Pearl River Delta

8 March 2017
The similarity of environmental problems such as floods and droughts between Brazil and the region of the Pearl River Delta in southern China, may favour the implementation of partnerships between the two countries, said in Brasilia Zhang Guang Yan, of the Pearl River Water Resources Commission. Zhang, who is part of the delegation of representatives of the Pan Delta region visiting Brazil, said throughout the year the two regions have weather fluctuations, in addition to having a high urbanisation rate, which requires effective environmental management.

Guangdong announces enhanced cooperation with Hong Kong and Macau

8 March 2017
Guangdong province intends to extend cooperation with the special administrative regions of Hong Kong and Macau in order to create a world-class region that can be equated to New York or Tokyo, said on Monday in Beijing the provincial governor. Ma Xingrui noted there have been major developments in regional cooperation, citing as examples the Guangdong Free Trade Zone and the Hong Kong-Zhuhai-Macau Bridge.

Brazilian bank partners Chinese group to invest in Brazil

8 March 2017
Brazil's Banco Modal (www.modal.com.br) and the China Communications Construction Company Group (CCCC) are examining the performance of Chinese investment in the railways in Brazil,one of the bank's partners told Brazilian daily newspaper Folha de São Paulo. Eduardo Central told the newspaper that Banco Modal, which already has a partnership with one Chinese group, is now interested in the EF-170 railway, known in the country as "Ferrogrão", which is 1,142 kilometres long and runs North-South, between Tocantins and São Paulo, and is also part of the federal concession programme.

Guinea-Bissau TV station to receive equipment from China

8 March 2017
The government of Guinea-Bissau plans to make a request to the Chinese authorities to equip the West African country's public television channel with cameras and editing units, the Prime Minister of Guinea-Bissau said in Bissau. Umaro Sissoco Embaló said at a meeting with workers of the Guinea-Bissau Television that the outgoing Chinese ambassador, Wang Hua, promised to discuss with his government the possibility that the country will finance the construction of a building to house all Guinean media outlets.

Brazil wants to expand and diversify trade partnership with China, says president of Apex

7 March 2017
China is considered a priority market in the work plan of the Brazilian Trade and Investment Promotion Agency (Apex), said the chairman, Ambassador Roberto Jaguaribe.

Fund for Development Cooperation between China and the Portuguese-speaking Countries supports project in Brazil

7 March 2017
Canadian Solar Inc. has received funding of US$20 million from the Fund for Development Cooperation between China and the Portuguese-speaking Countries to support the implementation of projects in Brazil, the company said in a statement issued on Monday. One such project is Pirapora I, in the state of Minas Gerais, with a peak nominal production capacity of 191 megawatts, currently being built with completion scheduled for the third quarter of 2017.

China grants US$15 billion in loans to Brazil in 2016

6 March 2017
Financial institutions in China in 2016 granted loans to Brazil of US$15 billion, a record which coincided with one of the most economically and politically turbulent years in Brazil, newspaper El País Brasil reported.

China and Guinea-Bissau analyse strengthening of cooperation

6 March 2017
A government delegation from China this weekend started a working visit to Guinea-Bissau, during which the two countries will review their friendship and cooperation and plan to increase their relationship. The Chinese delegation, headed by the Director General of the Department for African relations of the Ministry of Foreign Affairs of China, Ling Song Tiang, was received by the Prime Minister of Guinea-Bissau, Umaro Sissoco Embaló.

Macau presents proposals for joint tourism promotion with Zhuhai and Zhongshan

6 March 2017
Proposals to carry out joint promotional actions involving Macau and the neighbouring cities of Zhuhai and Zhongshan were presented by the Macau Government Tourist Office (MGTO) at a recent meeting of tourism officials, the MGTO said. The meeting held in Macau, which took stock of regional tourism cooperation between Zhongshan, Zhuhai and Macau in 2016 and to prepare the measures to be implemented in 2017, also served to pass on the rotating presidency from Zhongshan to Macau.

Chinese mission visits Brazilian institutions in the areas of trade promotion and environmental management

3 March 2017
About 50 representatives of Chinese provinces in the Pan Pearl River Delta, are due to arrive in Brasilia on Monday, 6 March, to meet with Brazilian government representatives in the areas of trade promotion, water management, environmental protection and sustainability.

Italian group ENI concludes sale of stake in oil block in Mozambique

2 March 2017
The ENI group will in the coming weeks sign a contract to sell a stake in the Area 4 block of the Rovuma basin in northern Mozambique, CEO Claudio Descalzi, told the Financial Times. Descalzi did not identify the buyer of the stake expected to cost a few billion dollars but US group ExxonMobil is considered the most likely candidate as it already has oil exploration licenses in Mozambique.

Pan Pearl River Delta representatives visit Brazil and Portugal

2 March 2017
Representatives of provinces and regions "9 + 2" of the Pan Pearl River Delta will visit Brazil and Portugal from 5 to 12 March focused on research and exchange of information on environmental protection and management of marine waters, a spokesman said in Macau on Thursday. The visit to Brazil and Portugal is part of the strengthening of the role of Macau as a platform between China and Portuguese-speaking countries and was organised as a way to implement the various measures announced in October 2016 by Prime Minister Li Keqiang.

Forum Macau meets in Beijing with ambassadors of the Portuguese-speaking countries

2 March 2017
The ambassadors of Angola, Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor) in China expressed the appreciation of their respective governments for the results achieved in economic and trade cooperation between China and the Portuguese-speaking countries, according to official information published in Macau.

EDPR sells wind assets in Portugal to China Three Gorges Group

1 March 2017
EDP ​​Renováveis ​​(EDPR) sold to ACE Fund SPV a 49% stake in the capital and inputs related to a portfolio of wind assets located in Portugal for a total price of 242 million euros, the company said in a statement to the market.

Brazilian entrepreneurs create brand of products aimed at Chinese consumers

1 March 2017
Carioca Coffee is a brand of products designed with Chinese consumers in mind that will be sold only in Asia, businessman Leonardo Scarpelli, one of the owners of trading company Meeet, established in Shanghai told Brazilian newspaper O Globo . The businessman said that the objective is to place Brazilian products in the second largest economy in the world and sell them in cafes, which will serve as places to exhibit the brand, the first of which is already in operation in a prime Shanghai location.

Chinese Group launches photo editing programmes in Brazil

1 March 2017
Chinese group Meitu Xiamen Technology Co. has launched on the Brazilian market translated versions of its photo editing programmes Airbrush and Makeup Plus, said the group's director for Brazil, Ludmilla Veloso. Speaking to the China Daily newspaper, Veloso recalled that the company arrived in Brazil in April 2016 and stressed "now the time has come to start selling part of our product range in the country."

Fitch Ratings maintains Macau’s AA- rating

28 February 2017
Fitch Ratings has kept Macau’s long-term foreign and local currency issuer default ratings at AA- with stable outlook, indicates information disclosed by that agency to Macauhub. In the accompanying explanation Fitch Ratings states that Macau’s credit rating is based on exceptionally strong public and external finances, which continue to strengthen despite three straight years of economic contraction.

Macau and Guangdong enhance cooperation to participate in the One Band, One Route initiative

27 February 2017
Macau and Guangdong plan to take all necessary steps to integrate both regions’ development policies in the Chinese central government’s “One Band, One Route” initiative, specifically by transforming Macau into an international tourism hub and economic platform.

China’s XCMG and Brazil’s OAS negotiate partnership

27 February 2017
The Xuzhou Construction Machinery Group (XCMG), a Chinese maker of heavy machinery, is negotiating with Brazil’s OAS engineering company to form a joint venture for the construction sector in Africa and Latin America, reports the newspaper O Globo. XCMG will contribute capital, equipment and financing. OAS will in turn be responsible for know-how in construction and engineering projects, bringing to the new group its contracts outside Brazil.
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