Economic and Business Information

2017-03-29

Leading industrial firms record profitable start to year

The combined profits of the most important industrial companies in the Mainland grew to RMB1.02 trillion (US$148 billion) in the first two months of this year, 31.5 percent more than in the equivalent period last year, Xinhua reports, citing data from the National Bureau of Statistics.

2017-03-29

Use bilingual people in Macao for e-commerce, Govt urges entrepreneurs

The Macao Government and the Sino-Portuguese E-Commerce Chamber are encouraging young entrepreneurs to employ people in Macao that are bilingual in Portuguese and Chinese for the purpose of international e-commerce, Jornal Tribuna de Macau reports.

2017-03-29

Mozambican market for Chinese traditional medicine explored

Representatives of Guangdong-Macao Traditional Chinese Medicine Technology Industrial Park Development Co. Ltd. have visited Mozambique with a view to increasing co-operation between the Mainland and Mozambique in various areas, the company said.

2017-03-28

Chinese energy firms can grow in other markets with Portuguese support

The growth of the Mainland’s energy companies in Brazil could be replicated in other markets, including Africa, with technical and logistical support from Portugal, the People’s Daily reports.

2017-03-28

Profits at Mainland’s state-owned firms have surged, says Finance Ministry

Profit growth at the Mainland’s state-owned enterprises (SOEs) has accelerated this year, reflecting signs of improvement in the economy, the state-run news agency Xinhua reports.

2017-03-28

Consumer confidence in Brazil reaches its highest level since 2014: survey

Confidence among Brazilian consumers increased this month and is now at its highest since December 2014, Brasil reports.

2017-03-27

Portugal’s Economy Minister flags interest in ‘One Belt, One Road’ initiative

Portugal’s Economy Minister Manuel Caldeira Cabral says his country wants to take part in the “One Belt, One Road” initiative, China Radio International (CRI) reports.

2017-03-27

Business confidence in Brazil reaches a three-year peak, according to new survey

Business confidence in Brazil has reached its highest point in almost three years, the Brasil news agency reports.

2017-03-27

US$10 bln in China-led projects ready to start in Angola, says Ambassador

There are more than 180 projects worth US$10 billion that involve Mainland interests, poised to get underway in Angola, the Jornal de Angola reported.

2017-03-24

Beijing prepared to do more to attract foreign investors: Ministry of Commerce

Mainland China will continue to encourage foreign investment by relaxing regulations, Xinhua reports. The government-run news agency says 2015’s catalogue of industries open to foreign investment is being revised by the Ministry of Commerce.

2017-03-24

East Timor among 13 new members welcomed into Mainland-led AIIB

The Asian Infrastructure Investment Bank (AIIB) has approved 13 new members, the government-run Xinhua news agency reports.

2017-03-24

Portuguese Secretary of State of Tourism to visit China to promote Portugal

Portugal’s Secretary of State of Tourism, Ana Mendes Godinho, starts a tourism promotion visit to Mainland China on Sunday, reports Publituris.