Economic and Business Information

2016-10-12

State Council resolves to cut paperwork for some foreign investors

Beijing will relax its rules for foreign investment in a new drive to support economic development, reports the government-run news agency Xinhua.

2016-10-11

Consumer confidence on the rise in Brazil, fuelled by inflation and job hopes

Brazil’s Consumer Confidence Index in September rose by 1.1 percent in month-on-month terms, buoyed by positive expectations about inflation and unemployment, the Brasil news agency reports.

2016-10-11

Sinohydro clinches deal to build football stadium in Guinea-Bissau

Sinohydro Corp. will build a football stadium in Guinea-Bissau, the online news portal Macauhub reports. The state-owned company and Guinea-Bissau’s Minister of Youth, Culture and Sports, Tomás Barbosa, recently signed a memorandum of understanding in the Guinean capital, Bissau.

2016-10-11

Portugal and mainland make trade, investment pledge after Beijing meeting

China and Portugal have agreed to strengthen investment and trade after Premier Li Keqiang and Portugal’s Prime Minister António Costa met in Beijing on Sunday, Xinhua reports.

2016-10-07

500-mln yuan in subsidies will support progress in public-private partnerships

The mainland government will support the development of public-private partnerships with 500 million yuan (US$75 million) in subsidies this year, the Xinhua news agency reports.

2016-10-07

Brazil opens deep-water oil reserves to foreign investors

The National Congress of Brazil has voted to further open its pre-salt oil reserves to foreign investors and reduce the involvement of Petróleo Brasileiro S.A. – Petrobras, the Bloomberg news agency reports.

2016-10-07

Sino-Portuguese relations “stronger and stronger” says Foreign Affairs Ministry

Cooperation between the mainland and Portugal is “stronger and stronger” in many areas and the relationship between the countries is developing fast, the Portuguese news agency Lusa reports, quoting a press release from the Ministry of Foreign Affairs.

2016-10-06

The yuan officially joins the IMF elite currency basket

The yuan has officially become part of the Special Drawing Rights (SDR) basket of currencies of the International Monetary Fund (IMF), the mainland’s state-run news agency Xinhua reports.

2016-10-06

Macao, East Timor universities band together on meetings, exchanges

The City University of Macau and National University of East Timor will work together to arrange academic meetings and exchanges under a new memorandum of understanding, the Macao Daily News reports.

2016-10-06

Beijing ready to boost support for agriculture in Guinea-Bissau

China will boost its support for agriculture in Guinea-Bissau, the Macauhub website reports. China’s Ambassador to Guinea-Bissau Wang Hua made the comments at a reception for the 67th anniversary of the foundation of the People’s Republic of China.

2016-10-05

China’s manufacturing PMI reading steady in September

China’s official manufacturing Purchasing Managers Index was unchanged last month, still indicating expansion, Xinhua reports.

2016-10-05

IMF sees faster Chinese growth, slower Brazilian shrinkage

The International Monetary Fund has changed its forecasts of economic expansion in China and economic contraction in Brazil.