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China

Soy almost doubles exports of agricultural products from Brazil to China

11 March 2016
Exports of agricultural products from Brazil to China in February nearly doubled to almost US$1 billion or 94.9 percent more than in the same month of 2014, according to official figures released in Brasilia.

HNA Group’s stake in Portuguese airline TAP depends on European regulations

10 March 2016
Chinese group HNA, which owns Hainan Airlines, taking a stake in airline TAP - Portugal depends on approval by the National Civil Aviation Authority (ANAC), according to the Portuguese press. The group holds a 23.7 percent in Brazilian airline Azul, the airline that is part of the Atlantic Gateway consortium,which under a memorandum signed in February with the Portuguese government holds a 45 percent stake in TAP. The Portuguese stake owns 50 percent and TAP's workers have 5 percent.

Chinese group organises consortium of private companies to invest in Angola

8 March 2016
The Wahaha Group, based in Hangzhou, in China's Zhejiang Province, will organise a consortium of Chinese private enterprises to invest in Africa in general and Angola in particular, the group's chief executive said Monday in Beijing.

Chinese group Huawei makes donation to Mozambique for training

8 March 2016
Chinese group Huawei has donated US$100,000 to Mozambique for completion of the construction project of the Mwanza Vocational School in the central province of Sofala, in a ceremony held Monday in Maputo. The donation was handed over by the Chinese ambassador to Mozambique, Su Jian, to the Minister of Science and Technology, Higher Education and Technical Professional, Jorge Nhambiu, according to Mozambican news agency AIM.

China supports 5th Ministerial Conference of Forum Macau

7 March 2016
The Minister of Foreign Affairs of China, Wong Yi, assured the head of the Macau government, Chui Sai On, his ministry would support the 5th Ministerial Conference of the Forum for Economic Cooperation and Trade between China and the Portuguese-Speaking Countries.

China is the largest consumer of beef from Brazil

3 March 2016
China became the main destination for beef produced in Brazil, only eight months after the Chinese authorities lifted an embargo after a case of BSE, or "mad cow" disease, in the state of Paraná, Brazilian newspaper Folha de São Paulo reported. From June 2015, when shipments were resumed, to January 2016 China bought Brazilian beef worth US$517 million. This accounted for 16 percent of total revenue from beef exports, according to data from the Ministry of Development, Industry and Foreign Trade.

Macau supports business between China and the Portuguese-speaking countries

3 March 2016
The offices of the Macau Trade and Investment Promotion Institute (IPIM) in 2015 supported business estimated at over 3 billion patacas (US$375 million) between mainland China and the Portuguese-speaking countries, according to information from the institute. IPIM has Liaison Offices in the provinces of Zhejiang (Hangzhou), Sichuan (Chengdu), Guangdong (Jieyang), Liaoning (Shenyang) and Fujian (Fuzhou).

Companies from Mozambique, China and South Africa build pipeline in Mozambique

2 March 2016
Public and private companies from Mozambique, South Africa and China signed a cooperation agreement that focuses on building a large diameter pipeline with a length of 2,600 kilometres costing US$6 billion, reported the South Africa's SacOil.

Hong Kong company pays first installment of timber business in Mozambique

2 March 2016
Global Timber Investment Limited, a company based in Hong Kong, made the initial payment of US$600,000 on an investment of US$900,000 to be paid by 1 June 2016, said Obtala Resources Limited. This investment will give the Hong Kong company a minority stake of 15 percent in Meradell (1) Limited, one of three special purpose companies established by Obtala Resources, a company based in Guernsey, as well aseconomic rights over an area of ​​20,000 hectares of forest concessions in Mozambique.

Trade between China and Portuguese-speaking countries falls by 25.73pct in 2015

2 March 2016
The value of trade between China and the Portuguese-speaking countries fell by 25.73 percent in 2015 to US$98.474 billion, a real loss of US$34.106 billion, according to official Chinese figures. The only positive changes in the value of trade occurred in Timor Leste (East Timor - US$106.67 million or +76.48 percent) and Sao Tome and Principe (US$7,9 million or +37.99 percent).

Brazil’s Petrobras takes on loan of US$10 billion in China

1 March 2016
Brazilian oil company Petrobras has contracted a loan of US$10 billion from the China Development Bank (CDB), to be paid with the delivery of oil to Chinese companies, under a contract signed Friday.

Crises in Angola, Brazil and China may lead to drop in exports from Portugal

29 February 2016
The bleak economic outlook in key markets for Portugal such as Angola, Brazil and China, may lead to a drop in Portuguese exports to those countries, according to a recent report by the European Commission. The document also said that in addition to a fall in Portuguese exports to these countries, there could also be a decrease in foreign direct investment (FDI) from these countries in Portugal.

Hainan Airlines is a shareholder of TAP – Air Portugal

15 February 2016
The Portuguese Government has authorised Chinese airline Hainan Airlines (HNA) become a shareholder of TAP - Air Portugal through private consortium Atlantic Gateway, Portuguese weekly newspaper Expresso reported.

Chinese company announces date for delivery of motorway in Angola

15 February 2016
The completion of the motorway linking the municipal headquarters of Nzeto to the city of Soyo, in Angola's northern Zaire province, is scheduled for June 2017, said the director-general of the Angolan subsidiary of Chinese state-owned Sinohydro Engineering Bureau No. 4 Co. Ltd. Liu Yawming, who was speaking during a visit by the provincial governor of Zaire, José Joanes André, to the works in progress, said the financial impasse that prevented the progress of the work had been overcome and that work should resume soon based no a guarantee of financing through a new credit line granted by China to Angola.

Brazil is main destination of China’s loans to Latin America in 2015

12 February 2016
Brazil was the main Latin American destination in 2015 of loans provided by China's development banks, pushing Venezuela into second place, non profit organisation Inter-American Dialog said in Washington.

Farmers in Guinea-Bissau and Chinese company sign agreement to modernise agriculture

11 February 2016
State-owned China CWZX Real Estate Development will support the modernisation of the agricultural sector in Guinea-Bissau under a recently signed agreement with the National Association of Guinea-Bissau Farmers (ANAG). The president of ANAG, Jaime Gomes, told Macauhub in Bissau that the agreement provides for the supply of tractors and training in maintenance and conservation of agricultural products.

Ambassador of China in Guinea-Bissau praises economic importance of China/CPLP Forum

5 February 2016
The Chinese ambassador in Guinea-Bissau said he hoped the China - Portuguese-speaking Countries Economic Forum, to be held from 9 to 11 April, in Bissau, will improve the economic development of the member countries.

China and Mozambique sign visa waiver agreement

3 February 2016
Mozambique and China Tuesday in Maputo signed an agreement for visa-free travel, which will benefit citizens of both countries who are holders of diplomatic and service passports, according to Mozambican news agency AIM.

Trade between Macau and Zhongshan increases by 13.9 pct in 2015

2 February 2016
Trade between Macau and the city of Zhongshan in 2015 increased 13.9 percent over the previous year and reached US$230 million, the Macau Trade and Investment Promotion Institute (IPIM) said Monday. The announcement was made after a meeting in Macau between a delegation from Zhongshan headed by the vice president of the Chinese municipality Yang Wen Long, the president and executive member of the IPIM, Jackson Chang and Glória Ung, respectively, to discuss bilateral cooperation agreements signed in 2015.

Brazil overtakes China in chicken meat production

1 February 2016
Brazil has overtaken China in the production of chicken meat to become the world's second largest producer, according to data from the United States Department of Agriculture (USDA), cited by the Brazilian Association of Animal Protein (ABPA). Brazilian poultry producers last year produced 13.146 million tons of chicken meat, an annual increase of 3.58 percent, while China, according to the USDA, produced 13.025 million tons.
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