Representatives of the Monetary Authority of Macao and a Macao commercial bank, Banco Nacional Ultramarino (BNU), have visited Mozambique to promote the use there of the renminbi, Lusa reports.

Consulting firm Transactional Track Record says Chinese were the main foreign investors in Portugal last year, having put or undertaken to put over €10 billion (US$11.5 billion) into the country, Negócios reports.

Chinese Ambassador to Angola Cui Aimin says China has spent an estimated US$23 billion on infrastructure in Angola so far, Angop reports.

The first biennial China-Africa Economic and Trade Expo in the central Chinese province of Hunan will be held in the provincial capital, Changsha, from June 18 to 20, Xinhua reports.

Portuguese insurance company Fidelidade Mundial has bought 51 percent of Peruvian insurer La Positiva Seguros for €93 million (about US$107.4 million), Dinheiro Vivo reports.

A Chinese diplomat in Luanda has said Chinese may invest US$10 billion in manufacturing, agriculture, scientific research and other ventures in Angola, Angop reports.

The World Bank now forecasts higher rates of economic growth this year and next in Mozambique, Angola and Cabo Verde than it forecast last June.

Chinnovation, a company which matches Chinese investors with opportunities to invest in Brazil, says the Alibaba Business School, the training arm of Chinese e-commerce company Alibaba Group Holding Ltd, will hold this month a course of instruction for Brazilian business executives and entrepreneurs, Bloomberg news agency reports.

Brazil-China Business Council President Luiz Augusto Castro Neves has said greater access to Chinese markets may increase the amount of business China and Brazil do with each other, Xinhua reports.

Officials of the ruling parties in Mozambique and China have met in Beijing to discuss increasing Sino-Mozambican co-operation, Xinhua reports.

Wood Mackenzie thinks investors will come up with the money this year for the Rovuma Bay natural gas project in Mozambique, amid strong demand for liquefied natural gas around the world, especially in China, Reuters says.

Chinese Consul-General in Rio de Janeiro Li Yang has said economic and political ties between his country and Brazil will keep on getting stronger.