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China

Chongqing City, China, aims to facilitate business with the Portuguese-speaking countries

23 May 2016
The President of the Macau Trade and Investment Promotion Institute (IPIM) opened a centre for exhibition and trade of food products from Portuguese-speaking countries, in the city of Chongqing, China, IPIM said. Chongqing is one of the largest municipalities in China with an area of ​​82,000 square kilometres, a population of 30 million people (18 million in the capital city) and in 2014 recorded a Gross Domestic Product of US$232 billion.

China announces support for the industrialisation of Mozambique

19 May 2016
China will support the industrialisation of Mozambique, according to a statement issued Wednesday in Beijing at the end of negotiations between delegations headed by the Presidents of the two countries, the Mozambican press reported.

China maintains cooperation with Cabo Verde

19 May 2016
China "remains committed and available" to continue to cooperate with Cabo Verde (Cape Verde), China's Ambassador to Cabo Verde said Wednesday in Praia at the end of a meeting with the new prime minister, Ulisses Correia e Silva. "Our vision is to strengthen and further promote cooperation between the two countries in various sectors, and I believe that in the coming years we can develop many more projects," said Ambassador Du Xiaocong, quoted by news agency Inforpress.

China pays for work on parliament building in Guinea-Bissau

19 May 2016
China will pay for work to be carried out on the building of the National Popular Assembly (ANP) of Guinea-Bissau, the country's parliament, China's ambassador to Guinea-Bissau said Tuesday in Bissau. Ambassador Wang Hua said after a meeting with President of the National Assembly that Cipriano Cassama had told him about the parliament's operating difficulties, which can be overcome with "the support of China, which financed and built the building."

President of Mozambique received at the People’s Palace in Beijing

18 May 2016
The President of Mozambique is due Wednesday to be received at the People's Palace in Beijing by the President of China, Xi Jinping, according to the official agenda of the five-day State visit.

Angola authorises Bank of China to open a branch

18 May 2016
The Angolan government has authorised the Bank of China to open a branch in Angola to develop the banking sector, according to an order signed by the President of Angola. The order dated 13 May said that the Chinese state bank will operate in the country under the name Bank of China - branch in Angola, according to Portuguese news agency Lusa.

Chinese company CAAS opens factory in São Paulo, Brazil

17 May 2016
China Automotive Systems (CAAS) Monday in Guarulhos, in the metropolitan region of São Paulo, Brazil, opened its first plant outside China, the Brazilian press reported.

President of Mozambique starts visit to China in Nanjing

17 May 2016
The President of Mozambique began his five-day state visit to China in Nanjing, capital of Jiangsu province. He said he hopes the visit will result in "strengthening of financial support to the country," according to the Mozambican press. Filipe Nyusi is accompanied on this visit by the Ministers of Foreign Affairs and Cooperation, Oldemiro Baloi, Industry and Commerce, Ernesto Max Tonela, Public Works, Housing and Water Resources, Carlos Bonete Martin, Culture and Tourism, Silva Dunduro and by officials from a number of state institutions.

China may be interested in investing in tourism on Sal Island, says Chinese ambassador to Cabo Verde

17 May 2016
China plans to increase cooperation with the municipality of Sal, Cabo Verde (Cape Verde), particularly through tourism investments on the island, said Monday the Chinese ambassador to Cabo Verde, Du Xiaocong. The ambassador is on a two-day visit to Sal at the invitation of the outgoing Mayor, Jorge Figueiredo, according to Cape Verdean news agency Inforpress.

Shanghai entrepreneurs interested in professional football in Portugal

12 May 2016
Chinese businessmen who are members of the Shanghai New Entrepreneurs Association may invest in Portugal, particularly in professional football, the chairman of the ShanShan group, Zheng Yonggang, said in Lisbon. The businessman, cited by the Portuguese press, mentioned the possibility of investments of up to 10 billion euros in various sectors of activity, including professional football and the real estate, antiques, tourism, high technology and finance sectors.

Brazil’s balance of trade surplus with China increases with soybean sales

11 May 2016
Brazil accumulated a surplus of US$3.892 billion in trade with China from January to April, mainly driven by soybean sales, which grew by 47.53 percent year on year, according to official data.

Brazil’s Petrobras takes on loan from the Exim Bank of China

10 May 2016
Brazilian oil company Petrobras has taken on a loan of US$1 billion earlier than planned from the Export-Import Bank of China, the company said in a statement issued Monday.

Delegation with officials from nine Chinese provinces, Hong Kong and Macau visits Portugal

10 May 2016
A delegation with representatives of the governments of the Great Pearl River Delta will travel to Portugal next June to explore business opportunities, said Gloria Batalha Ung, director of the Macau Institute for Trade and Investment Promotion (IPIM), according to Portuguese-language newspaper Tribuna de Macau. The executive member of the Board of IPIM said the mission, which will include three or four representatives of the provinces of Guangdong, Fujian, Jiangxi, Hunan, Guangxi, Hainan, Sichuan, Guizhou and Yunnan and the special administrative regions of Macau and Hong Kong, shows that the Macau services platform is not only intended for companies but also for governments.

China donates US$16 million to Mozambique

5 May 2016
China has donated US$16 million to Mozambique under an economic and technical cooperation agreement signedWednesday in Maputo by representatives of the two countries, Mozambican daily newspaper Notícias reported.

Trade between China and the Portuguese-speaking countries falls 23pct in 1st quarter

5 May 2016
Trade between China and the Portuguese-speaking countries contracted by 23.03 percent year on year in the first quarter of the year to US$16.727 billion, according to official figures published in Macau. Over the first three months of the year China exported to the eight Portuguese-speaking countries goods worth US$5.844 billion (-44.95 percent) and imported goods amounting to US$10.882 billion (-2.1 percent), assuming a deficit of US$5.038 billion.

Promotion and investment institutes from Brazil and Macau cooperate in the business sector

5 May 2016
Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São Paulo), a private non-profit company, maintained by the State government, at a meeting in São Paulo with a business delegation from Macau that went to Brazil to attend the APAS 2016, an international trade fair focused on the supermarket sector.

Shanghai company buys trading company in Brazil

4 May 2016
Hunan Dakang Pasture Farming, a company of the Shanghai Pengxin group, has paid US$286 million to acquire 57 percent of Brazilian trading company Fiagril Ltd, reported financial news agency Bloomberg.

China still interested in building Trans-oceanic railway in South America

28 April 2016
Representatives of various companies from Brazil and Peru attended a regional integration meeting focused on the Chinese government's project to build a railway linking the Atlantic and Pacific oceans, reported Chinese TV station CCTV. Held in a city in the west of Brazil, the meeting, similarly to previous ones, was intended to gather information to carry out an economic feasibility study, said CCTV.

Chinese group Geely leaves car market in Brazil

27 April 2016
Chinese group Geely has decided to temporarily suspend its sales in Brazil, two years after it entered the market, according to a statement from official importer Gandini Empreendimentos, which said the brand may return if "the internal market returns to normal." Since March 2014, when the Chinese group put its first car up for sale in Brazil until April of this year Geely sold just 1,019 of the two models on sale in the market, the EC7 and GC2.

China’s credit lines make it possible to build industrial hubs in Angola

26 April 2016
The Caála Industrial Development Hub is one of seven projects of this type that are being built using credit lines opened by China, Angola's Secretary of State for Industry said Saturday in the city of Huambo.
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