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China

China may set up industrial parks in Mozambique

1 August 2016
China may become involved in setting up industrial parks in Mozambique to help modernise agriculture and create bases for industrialisation, said Mozambique’s deputy minister for foreign affairs and cooperation in Beijing. State Secretary Nyeleti Mondlane was taking part in the 4th Forum for China/Africa Cooperation, held on 28-30 July in Beijing.

Chinese group TCL invests in TV factory in Brazil

29 July 2016
Chinese consumer electronics group TCL plans to invest US$60 million in building a factory in Brazil to manufacture liquid crystal display (LCD) televisions, reported Japanese newspaper Nihon Keizai Shimbun (Nikkei). The Chinese group's investment will be made under a 40/60 partnership with Brazilian electronics group SEMP Toshiba, known when it was founded in 1942 as Sociedade Eletro Mercantil Paulista.

Chinese group Fosun negotiates first acquisition in Brazil

28 July 2016
Chinese group Fosun is about to make its first investment in Brazil by acquiring of the investment management firm Rio Bravo Investimentos Lda. (Http://www.riobravo.com.br/default.aspx), according to Reuters.

Chinese companies plan new investments in Brazil

28 July 2016
Chinese companies are expected to make major investments in the coming months in Brazil, especially in infrastructure, including electricity transmission grids and raw materials, Brazilian newspaper O Estado de São Paulo reported. Assets of Electrobás, such as subsidiaries Electrosul and CELG, are being offered to various investors, both in China and other countries. Other businesses in the sector, such as the Santo Antonio Hydroelectric Power Station on the Madeira River, which has among its shareholders the Odebrecht group, are also up for sale.

Representatives of Portuguese-speaking countries take part in Macau meeting on traditional Chinese medicine

28 July 2016
Twenty-five executives and technicians from the traditional medicine sector in Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor) took part in a symposium in Macau organised by the Training Centre of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), according to official information. The conference, which began on 18 July was held at the Guangdong-Macau Traditional Chinese Medicine Industry-park, whose facilities were visited on Wednesday by the executives and technicians in order to see current development.

Hainan Airlines will have seat on the board of TAP Air Portugal

20 July 2016
Hainan Airlines acquired 25% of the issue of TAP - Air Portugal convertible bonds for 30 million euros, announced the Chinese company in a statement Tuesday.

Macau and China add protocol to the agreement to avoid double taxation

20 July 2016
The Macau Special Administrative Region (MSAR) and China's State Administration of Taxation in Beijing signed an additional protocol to the agreement to avoid double taxation and prevent tax evasion, officials said in Macau. The Additional Protocol, the third, according to the statement released by the Office of the Secretary for Economy and Finance includes reducing the tax burden for the payment of "royalties" on leasing of aircraft and ships, whose rate decreased from 7% to 5%.

Chinese ambassador to Angola guarantees to support the country’s development

19 July 2016
China will support the development of Angola in agriculture, industry and training of human resources, promised the Chinese ambassador to Angola, Cui Aimin at the end of a visit to the Camaniangala agro-industrial project in Moxico province.

Chinese company builds car factory in Brazil

18 July 2016
Chinese automotive company Zotye Auto plans to build a car factory Goianésia, Brazil, under an investment contract signed with the state government in the city of Goiás, the Brazilian press reported. In 2014, after a representative of the company announced the arrival of the brand in Brazil, Zotye Auto began negotiating with TAC Motors and eventually purchased the brand's operations in the state of Santa Catarina, for 190 million reais.

Mozambique is the African country that can gain most from restructuring of the Chinese economy

18 July 2016
The increase of domestic consumption in China's economic structure could provide greater economic growth for sub-Saharan African countries that export what they produce, says a new study sponsored by the World Bank.

Sales to China increase exports of chicken meat from Brazil

13 July 2016
Chicken meat exports from Brazil are expected to increase 8% in 2016, against an initial forecast of 3% to 5% due to the increase in sales to China and the Middle East, said Tuesday the Brazilian Animal Protein Association (ABPA).

Trade between China and Portuguese-speaking countries falls 14.55 pct from January to May

7 July 2016
Trade between China and Portuguese-speaking countries has continued its downward trend in the period from January to May, falling by 14.55% to US$32.735 billion, according to official figures published in Macau.

China Three Gorges analyses new acquisitions in Brazil

6 July 2016
Chinese state group China Three Gorges (CTG) plans to invest in wind and solar power plants in Brazil, having spent more than 15 billion reais (US4.5 billion) to acquire hydroelectric power plants, said the head of the group in Brazil. Li Yinsheng told Reuters news agency that the group, which opened an office in Brazil in 2013, has been assessing several acquisition opportunities and may even "make its debut in these new renewable sources of electricity within a year."

China Railway Rolling Stock Corporation wants to increase business in Mozambique

6 July 2016
The China Railway Rolling Stock Corporation (CRRC) plans to increase business in Mozambique, said the director for the company's international business speaking to Mozambican daily newspaper Notícias. The company, which repairs and supplies cars to Mozambican state port and railway company CFM recently signed a contract with Brazilian group Vale to supply more than 1,000 cars for transporting coal.

Brazil’s Camargo Correa sells stake in CPFL Energia to China State Grid

4 July 2016
Brazilian group Camargo Corrêa has decided to sell its 23.6 percent stake in CPFL Energia to China State Grid Corp. group for 5.85 billion reais (US$1.820 billion), said the Brazilian group in a statement to the market.

Angola hires Chinese company to expand Kuito Airport

4 July 2016
Angolan airport manager Empresa Nacional de Exploração de Aeroportos e Navegação Aérea (ENANA) has awarded the China Railway 20th Construction Bureau (CR20) the contract to rebuild and expand Kuito Airport, in the central province of Bié, Enana said in a statement published in Luanda. ENANA also said that the contract signed with CR20 is intended to build, within 12 months, a modern passenger terminal with service areas and an equipment system to comfortably accommodate about 300 passengers.

Deck of Zhuhai/Macau/Hong Kong Bridge ready to be paved

1 July 2016
The bridge connecting Zhuhai, Macau and Hong Kong is ready to receive the pavement layer following completion of its deck Wednesday with the placement of the last span, English-language newspaper China Daily reported. The newspaper reported "there are still many challenges ahead before the project is completed," including a 6.7-kilometre undersea tunnel, whose construction difficulties have caused delays.

Visit to Portugal by 9+2 Group deepens cooperation between China and Portuguese-speaking countries

29 June 2016
The representatives of the governments of the Pan-Pearl River Delta Region (9+2 Group) are optimistic about the prospects of cooperation between China and the Portuguese-speaking countries, according to the Macau Trade and Investment Promotion Institute (IPIM). In a statement, IPIM adds that some members of the delegation, which concluded an eight-day visit to Portugal and Belgium on 24 June, consider that the visit was an important step for the provinces and regions of the "9+2 Group" to expand outwards together and, at the same time, highlight the unique role of Macau.

China available to help Mozambique develop its production capacity

28 June 2016
China is available to help Mozambique to increase its production capacity, the Chinese ambassador, Su Jian said at the Anhui-Mozambique seminar to Promote Cooperation for Production Capacity held in Maputo. The seminar is attended by a group of 89 businesspeople from the Chinese province of Anhui as part of a delegation led by the vice-president of the People's Provincial Assembly of Anhui, which visited Mozambique seeking business opportunities.

China State Grid negotiates acquisition of stake in Brazilian company

27 June 2016
China State Grid is negotiating to buy a stake in Brazilian distribution company CPFL Energia, specifically the 23.6 percent owned by the Camargo Corrêa group, financial news agency Bloomberg reported.
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