EDP is completing the sale of its 50% stake in the 206 megawatts San Gaban III hydroelectric project in Peru, a dam that signaled the introduction of a Portuguese electricity company into the South American market in 2017. China Three Gorges (CTG), the largest shareholder in EDP and the current owner of the other 50%, will be the buyer.

Brazil and China’s diplomatic ties will have been established for 48 years on August 15. As a way to commemorate the occasion, the Chinese Embassy in Brazil and the Bank of Brazil Cultural Center are promoting the exhibition Através do Tempo, starting on last Thursday, with the exhibition of contemporary Chinese cinematographic productions in Brasília, Rio de Janeiro, and Sao Paulo.

Beijing Capital Airlines announced on last week that the direct flight between Portugal and China will now land in Hangzhou, which is located on China’s east coast, instead of Xian.

The Spanish and Portuguese law firm Cuatrecasas provided legal advice to the subsidiary of Bison Bank, Bison Digital Assets, in obtaining the registration for activities with virtual assets with the Bank of Portugal, which took more than nine months. The registration acquired includes transfer and safekeeping services for the same assets, in addition to the provision of virtual assets and fiat currency exchange activities in Portugal.

Respected by the Federation of Commerce, Services and Tourism of the State of Mato Grosso, the BRICS Innovation Base in Xiamen and the State Secretary for Foreign Affairs of Fujian set up an expert training course for BRICS cross-border electronic commerce on the 13th, 20th and 27th of July, with the aim of supplying human resources to promote the upgrading of the industry and the transformation of the digital economy in the five countries.

At the beginning of the month, the Monetary Authority of Macao and the National Bank of Angola signed a memorandum of understanding to strengthen cooperation and exchanges between the two parties in financial supervision.

The governor of São Paulo, Rodrigo Garcia, announced on last Thursday that the Butantan Institute, the Brazilian supplier of the vaccine, will import eight thousand liters of the Active Pharmaceutical Ingredient (API) from China to produce 10 million doses of the CoronaVac vaccine against COVID-19 for children aged 3 to 4 years old.

According to data from the Ministry of Economy’s Foreign Trade Secretariat (Secex), China imported 35.211 million tonnes of Brazilian soybeans from January to June 2022. The volume is 12% lower than the 39.799 million tonnes imported in 2021. The country is the biggest buyer of the Brazilian oilseed.

Chinese heavy equipment manufacturer Sany delivered electric trucks and excavators to CSN Mineração, the mining division of the Brazilian firm Companhia Siderúrgica Nacional (CSN).

The consortium of Mota-Engil and the Swiss multinational Trafigura won the tender for the concession of the Lobito Corridor in Angola for exploration within a period of 30 years. China Communications Construction Company Limited is a shareholder of Mota-Engil.

The Childhood without Borders Virtual Dialogue: Children’s literature and the exchanges between Brazil and China were held on Wednesday and the event was organized by the Chinese Consulate General in São Paulo, the Academia Paulista de Letras, the Shanghai Writers Association, and the Confucius Institute of UNESP.

The Portuguese company Energias de Portugal (EDP) declared its intention to increase offshore floating solar capacity in Southeast Asia during the 2022 United Nations Ocean Conference in Lisbon, held between 27 June and 1 July. It is expected to install 16 gigawatts of the photovoltaic project in the rivers and seas of the region by 2030.