Economic and Business Information

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.

2016-12-15

Mozambique’s central bank expects soaring inflation rate to ease this month

The Bank of Mozambique forecasts the country’s soaring inflation rate will ease, after peaking in November, the O País newspaper reports.

2016-12-15

Mainland to invest US$289 billion in tourism sector by 2020

China will invest 2 trillion yuan (US$289 billion) in tourism between now and 2020, the Portuguese news agency Lusa reports.

2016-12-15

Huawei inaugurates its first innovation centre in Portugal

Mainland telecommunications group Huawei has opened an innovation centre in Lisbon, Portugal, the Jornal de Negócios reports.