Economic and Business Information

2017-02-28

Mainland businessman, Angolan company establish agricultural products venture

Mainland businessman Deng Xingwu and Angolan company Ovaxing plan to invest US$3.1 million in an agriculture project in Angola’s Benguela province, Lusa reports.

2017-02-27

Centre for Chinese History and Culture targets Portuguese-speaking Countries

The University of Macau inaugurated its Centre for Chinese History and Culture on Saturday, the institution says. The university says the centre will help promote an understanding of Chinese culture in Portuguese-speaking Countries.

2017-02-27

Angola’s oil exports to the Mainland surge 63.5 pct last month

The exports of Angolan oil to the Mainland surged to an average of 1.17 million barrels a day last month, a 63.5-percent increase in year-on-year terms, according to data from the Chinese General Administration of Customs.

2017-02-27

Mainland steelmaker announces plan to build coking plant in Mozambique

Steelmaker China Brazil Xinnenghuan International Investment has announced it will build a plant in Mozambique to turn coal into coke, O País reports.

2017-02-24

Brazil working on high-level plan to entice more Mainland visitors, says chamber

Brazil is working to promote itself as a more attractive tourist destination for Chinese travellers, the Mainland government-run CCTV reports.

2017-02-24

Mainland team to start work at Guinea-Bissau biomass power plant next month

Preliminary work to build a Mainland-backed biomass power plant in Mansoa, in Guinea-Bissau, will begin next month, the Macauhub website reports.

2017-02-24

Mainland China biggest export market for Portuguese beverage maker Unicer

Mainland China was the leading destination for exports of beer, wine and soft drinks from Unicer Bebidas de Portugal, SGPS, SA last year, Público reports.

2017-02-23

Tourism revenue for Angola’s Moxico province grew by more than 50pct in 2016

Revenues from tourism in Angola’s Moxico province reached 19.79 million kwanzas (US$119,463) last year, up by more than 6.75 million kwanzas from 2015, Angop reports.

2017-02-23

Mozambique lowers limit on investment visas to amounts above US$500,000

Mozambique has approved a law that eases restrictions on investment visas, the Mozambican news agency AIM reports.

2017-02-23

Already the Mainland’s fifth biggest shoe supplier, Portugal sees opportunity

Portugal is the fifth biggest supplier of footwear to Mainland China and it should rise in the rankings, Diário de Notícias reports.

2017-02-22

Mainland leaders will ease limits on foreign investment, says Commerce Minister

Beijing will continue cutting red tape to help drive foreign investment, Xinhua reports. The state-run news agency reported the comments of Minister of Commerce Gao Hucheng. Last month saw a 9.2-percent year-on-year decline in foreign direct investment (FDI).

2017-02-22

Portugal’s president predicts ‘significant deepening’ in Mainland ties this year

Mainland China and Portugal may enjoy “a particularly significant year for the deepening of relations”, according to Portuguese President, Marcelo Rebelo de Sousa.