The Chamber of Commerce, Industry, Agriculture and Services of Guinea-Bissau (CCIAS) and 17 businessmen from the Chinese province of Hunan signed a strategic cooperation agreement on August 23 for the export of cashew nuts from Guinea-Bissau to China and the establishment of a factory for local processing of cashew nuts.

Drone imports in Brazil reached US$16 million in the first five months of 2024, a significant increase of 24.1% compared to the same period last year. In terms of product units, this growth was 115%.

On August 22, CPFL Energia, which has been owned by the Chinese company State Grid since 2017, announced a partnership with Mizu Cimentos to launch a research and development (R&D) project at a factory in the municipality of Baraúna, in Rio Grande do Norte. The project involves the implementation of a pilot plant for the production of green hydrogen utilizing renewable energy. The hydrogen produced will be used in the production process at the Mizu Cimentos Factory.

Chinese state-owned companies have invested more than R$280 billion in infrastructure in Brazil, with a focus on energy and transportation.

The Chinese Government has provided US$77,000 to Timor-Leste for renovation to the Ministry of Foreign Affairs and Cooperation (MNEC) building.

With the increase in demand for electric cars, the Chinese electric car manufacturer BYD plans to expand its facility in the Camaçari Industrial Complex, in Bahia.

Newland Payment Technology, a Chinese company, has partnered with US-based Jabil to invest in Jabil’s plant in Betim, Minas Gerais, to create 500 new jobs by 2025.

On August 20, representatives of the Transport System met with a delegation from CHTC KINWIN, a manufacturer of electric buses in China. The company is evaluating the Brazilian market to decide whether to invest in the production of this type of vehicle here.

On August 20, the Secretary of State for Social Communication of Angola, Nuno Albino, met with the Vice Minister of the National Radio and Television Administration of China, Yang Gorui.

The Memorandum of Understanding signed between the governments of Brazil and China in June to recreate the Cooperation Fund for Expansion of Productive Capacity for Sustainable Development was published on August 20.

In November, TP-Link, a renowned manufacturer of network equipment, will open a new factory in Joinville, Santa Catarina. This investment represents a significant milestone for the brand, which has been in the Brazilian market for a decade and aims to serve both the national and Latin American markets.

August is the month of culture on the island of Príncipe. On August 13, the date set aside by the authorities of Príncipe to celebrate Chinese culture, the President of the Republic Carlos Vila Nova and the Chinese Ambassador, Xu Yingzhen, shared the art of tea, highlighting the cultural exchange between China and São Tomé and Príncipe.