Economic and Business Information

2017-07-18

Huawei to develop first phase of Cape Verde’s surveillance system

Chinese telecommunications and networking equipment company Huawei Technologies Co., Ltd. has signed a contract with the Cape Verde government to develop the first phase of the Safe City project, the Inforpress news agency reports.

2017-07-18

Strengthening trend seen in stable development of China’s economy

The Chinese National Bureau Statistics says there are more signs pointing to the stable growth in the Chinese economy, the Government-run news agency Xinhua reports.

2017-07-18

Brazil’s economy to exceed this year’s growth target, IMF reduces 2018 forecast

The International Monetary Fund (IMF) has revised upward its forecast for the growth of Brazilian economy this year by 0.1 percentage point but cut next year’s outlook for growth, according to the latest report released by the IMF.

2017-07-17

Electric taxis from BYD hit the streets in Brazil’s Minas Gerais state

Electric-powered taxis produced by Chinese vehicle maker BYD Auto Co., Ltd. were unveiled in Belo Horizonte, the capital of Brazil’s Minas Gerais state last week.

2017-07-17

China GDP grows by 6.9 pct in second quarter

The Chinese economy grew at 6.9 percent in the second quarter, a rate above the Government’s annual target, according to data released by the National Bureau of Statistics of China.

2017-07-17

HNA Group subsidiary buys US$19-mln share in Rio de Janeiro’s biggest airport

HNA Infrastructure Co., Ltd. has bought a 30-percent stake in the Rio de Janeiro’s international airport from Brazilian engineering company Odebrecht SA, the Reuters news agency reports.

2017-07-14

Angola’s Vice-President thanks Mainland for spurring economic development

Angola’s Vice-President Manuel Domingos Vicente has thanked the Mainland for supporting rebuilding and economic development in Angola, the Xinhua news agency reports.

2017-07-14

Mainland exports jump 15 pct, imports surge 25.7 pct in 1H

International trade in the first six months of this year has expanded at the fastest pace since the second half of 2011, the Xinhua news agency reports.

2017-07-14

‘Belt and Road’ will see greater co-operation between China and Portugal

The “Belt and Road” Initiative might lead to more co-operation between China and Portugal, the Government-run news agency Xinhua reports.

2017-07-13

CITIC Agri Fund buys US$1.1bil corn seed business in Brazil

China’s CITIC Agri Fund has paid US$1.1 billion to buy a share in the corn seed business of US-based Dow Chemical Co in Brazil, the Reuters news agency reports.

2017-07-13

Angola to grow 2pct this year, Mozambique by over 4pct: Capital Economics

The Angolan economy is expected to bounce back from last year’s recession and grow by 2 percent this year and 2.5 percent next year, according to Capital Economics. The Lusa news agency says the London-based research consultancy has forecast growth of 4.5 percent for Mozambique this year and 5 percent next year.

2017-07-13

Mozambique’s President wants stronger cooperation with China

Mozambique hopes to strengthen cooperation with China in fields that include defence and security, Xinhua reports.