Economic and Business Information

2017-07-27

US$3.5 mln of São Tomé and Príncipe budget financed by China

China will provide €3 million (about US$3.5 million) of the money the government of São Tomé e Príncipe intends to spend this year, Lusa reports.

2017-07-27

China buys one-quarter of Brazilian exports in H1

China was the biggest market for Brazilian exports in the first half of this year, accounting for one-quarter of the total value, the China News Service (CNS) reports.

2017-07-26

Two think tanks offer forecasts for 6.8-pct growth in China this year

Two official think tanks have suggested China’s economy could grow by 6.8 percent this year, higher than the Government’s target of 6.5 percent, the Government-run Xinhua news agency reports.

2017-07-26

China pull means IMF could be based in Beijing in a decade, says Lagarde

The Chinese economic muscle could lead to the International Monetary Fund (IMF) moving its head office to Beijing in a decade, says the fund’s managing director Christine Lagarde.

2017-07-26

Portugal may welcome 1 mln Chinese tourists a year, says ambassador to Beijing

Portugal’s Ambassador to China says 1 million Chinese tourists could visit the country annually, the Lusa news agency reports.

2017-07-25

Macao Government says Portuguese language important for co-operation

Macao’s position as a platform for co-operation between China and the Portuguese-speaking Countries depends on a strong commitment to the teaching of the Portuguese language, says Macao’s Secretary for Social Affairs and Culture Alexis Tam.

2017-07-25

First four Beijing-Lisbon flights on Capital Airlines close to selling out

The first four direct flights between China and Portugal will take off tomorrow with few – if any – vacant seats, the Lusa news agency reports.

2017-07-25

Angola remains China’s No.2 ranked oil supplier last month

Angola was the second biggest supplier of crude oil to China last month, behind only Russia, according to data published by the General Administration of Customs on Monday.

2017-07-24

Brazilian govt reduces inflation forecast to 3.7 pct from 4.3 pct

The Brazilian government has lowered its inflation forecast to 3.7 percent from 4.3 percent, Reuters reports.

2017-07-24

Chinese firm wins deal to rehabilitate streets of Angolan city

Angola’s government has awarded China Railway 20 Bureau Group Co., Ltd. a US$21.7-million contract to rehabilitate the streets of Moçâmedes, the capital of the southwestern province of Namibe, Lusa reports.

2017-07-24

China’s employment conditions improve as vacancies increase and job seekers dry up

Employment conditions in Mainland China have improved in the second quarter of this year, according to a survey by the China Institute for Employment Research at Renmin University of China.

2017-07-21

Guinea-Bissau needs China’s support to grow, says Chamber of Commerce

Guinea-Bissau needs China’s technological, economic and financial support to facilitate economic development, according to the president of the Chamber of Commerce, Industry, Agriculture and Services of Guinea-Bissau.