Economic and Business Information

2015-11-25

China likely to invest US$1 trillion overseas in next 5 years

China’s Premier, Li Keqiang, said on Tuesday that the Asian country is likely to invest more than US$1 trillion overseas in the next five years, Chinese state-run newspaper China Daily reported.

2015-11-25

China’s HNA to buy US$450-mln stake in Brazilian airline

China’s HNA Group agreed on Tuesday to buy a 23.7-percent stake in Brazil’s third-largest airline, Azul SA, for US$450 million, news agency Reuters reported.

2015-11-24

Budget Support Group praises Cape Verde’s economic policies

The Budget Support Group (BSG), a combination of aid donors, has issued an assessment of Cape Verde’s economic and budgetary policies, Cape Verdean newspaper A Semana reported.

2015-11-24

Macao eyes fresh judicial co-operation with Lusophone Countries

The Macao SAR Government plans to enhance judicial co-operation with Portuguese-speaking Countries including transfer of convicted prisoners so that they serve their sentences in their home jurisdiction, Portuguese news agency Lusa reported.

2015-11-24

Beijing promotes city’s tourist attractions to Southern Europeans

Beijing officials visited Portugal and Spain last week to promote the tourism market of the Chinese capital, the state-run Chinese newspaper People’s Daily reported.

2015-11-23

Angola’s inflation might reach 14 pct: BPI

The Portuguese Investment Bank (BPI) said the consumer price index in Angola could register 14 percent expansion this year following the depreciation of the African nation’s currency, Portuguese news agency Lusa reported on Sunday.

2015-11-23

China to boost services sector to push growth

The Chinese Government will strengthen its support for the services sector to improve it and spur economic growth, Chinese state-run news agency Xinhua reported.

2015-11-23

China offers US$2-mln in agro equipment to Guinea-Bissau

China has offered Guinea-Bissau agricultural equipment worth US$2 million, Portuguese newspaper A Bola reported.

2015-11-20

Portuguese Postal Services to open new bank

Postal Services of Portugal, commonly referred to as CTT, the initials of its Portuguese name, announced on Wednesday it would open a new bank by the end of this month.

2015-11-20

Chinese-built wells provide safe water for Mozambicans

Chinese firm China Jiangxi Corporation for International Economic and Technical Cooperation has built more than 100 wells to provide safe water for millions of Mozambicans, Chinese state-run news agency Xinhua reported.

2015-11-20

China NPC delegation visits regional parliament of Madeira, Portugal

A delegation from China’s National People’s Congress (NPC) this week visited the regional parliament of Madeira, in Portugal, to learn more about the structure of Portuguese autonomous regions, Portuguese news agency Lusa reported.

2015-11-19

Fidelidade becomes first Portuguese firm to invest in Chinese capital markets

Portuguese insurer Fidelidade will be the first Portuguese company directly to invest in China’s stock markets, Portuguese news agency Lusa reported this week.