Economic and Business Information

2016-12-23

Stronger economic growth needed to keep Portugal’s new Budget on target

Economic growth will allow Portugal to meet the targets in the 2017 Budget, the Xinhua news agency reports.

2016-12-23

Angola will have a population of almost 61 mln by 2050

At least 60.92 million people will call Angola home by 2050, according to new protections by the National Institute of Statistics.

2016-12-23

Association of Chinese Societies in Portugal opens in Lisbon

The Association of Chinese Societies in Portugal was launched in Lisbon last week, China Radio International reports.

2016-12-22

Sao Tome e Principe officially recognises One-China principle

The government of Sao Tome e Principe has wound back diplomatic ties with Taiwan by acknowledging the One-China principle, in a move that paves the way for establishing formal diplomatic relations with the government in Beijing, Xinhua reports.

2016-12-22

China to deliver military equipment and training worth 80-mln yuan to Mozambique

Mainland China will provide 80 million yuan (US$11.5 million) of equipment, training and technical assistance to Mozambique’s military, the government of the African government says.

2016-12-22

Nam Kwong seeks out investment opportunities in Portugal

The Macao-based state-owned conglomerate Nam Kwong (Group) Co. Ltd. will explore investment opportunities in Portugal, according to the company’s chairman Xu Kaicheng.

2016-12-19

Beijing ready to accelerate reforms in key sectors of the economy next year

Mainland China says it will accelerate reforms to sectors with government investment, including electricity, oil, natural gas, railway, civil aviation, telecommunications and military industries, Xinhua reports.

2016-12-19

Angola’s non-oil revenue grows 10 percent annually since 2010

Angola’s revenues from outside the oil sector have grown by 10 percent annually since 2010, the O País newspaper reports.

2016-12-19

Brazil’s Petrobras signs US$5-bln financing deal with China Development Bank

Brazil’s state-controlled oil company Petrobras says it has signed a US$5-billion financing deal with state-run China Development Bank, The Wall Street Journal reports.

2016-12-16

Bank of Portugal raises its economic growth target for the year to 1.2 pct

The Portuguese economy is on track to grow by 1.2 percent this year, the Bank of Portugal says in its latest Economic Bulletin.

2016-12-16

Mainland FDI rises 3.9 pct in first 11 months of the year

Inflows of foreign direct investment to the Mainland reached 731.8 billion yuan (US$113.8 billion) in the first 11 months of this year – a year-on-year increase of 3.9 percent – government-run news agency Xinhua reports.

2016-12-16

Angola-China Chamber of Commerce eager to accelerate projects in Angola

The Angola-China Chamber of Commerce will speed up new projects it has identified in the African country’s 18 provinces, chamber president Arnaldo de Sousa Calado has told Angop.