Economic and Business Information

2016-05-12

Portuguese trade hurt by global economic slowdown: President

Portugal’s lacklustre trade figures so far this year are due to the global economic slowdown and not because of a lack of effort by the Government, said on Wednesday the Portuguese President, Marcelo Rebelo de Sousa.

2016-05-12

Mozambique consumer inflation up nearly 17.3 pct in April

Consumer inflation in Mozambique rose by approximately 17.3 percent year-on-year in April, the country’s National Statistics Institute announced on Wednesday.

2016-05-12

China’s economy to grow by up to 6.8 pct in 2016: think tank

The Chinese economy is likely to grow by between 6.6 percent and 6.8 percent this year, said a think tank that reports to the State Council.

2016-05-11

China inward FDI up 6 pct in April

Inflows of foreign direct investment (FDI) in China’s non-financial sectors jumped 6 percent from the previous year, to 62.57 billion yuan (US$9.61 billion) in April, Chinese state-run news agency Xinhua reported.

2016-05-11

Portugal’s Ambassador to China optimistic on bilateral ties

Portugal’s Ambassador to China, Jorge Torres Pereira, says he is very confident about the future of the relationship between the two countries.

2016-05-11

Chinese entrepreneurs hope to invest 10 bln euros in Portugal

A group of Chinese business people is planning to invest 10 billion euros (US$11.4 billion) in Portugal, the Shanghai Entrepreneur Association announced on Tuesday.

2016-05-10

Portugal’s EDP to expand partnership with China Three Gorges

Portuguese utility Energias de Portugal (EDP) plans to expand its partnership with its shareholder, state-run power company China Three Gorges, said António Mexia, EDP’s chief executive, last week.

2016-05-10

Brazil’s Petrobras acquires US$1-bln loan from China Exim Bank

Brazil’s state-run oil giant Petrobras said on Monday it has sealed a preliminary deal with the Export-Import Bank of China (also known as China Exim Bank) for a US$1-billion loan, news agency Reuters reported.

2016-05-10

Mozambique President visiting China next week

The President of Mozambique, Filipe Nyusi, will visit China next week, Mozambican newspaper Notícias reported.

2016-05-09

Chinese exports up by 4.1pct in April

China’s exports rose 4.1 percent year-on-year in April – judged in yuan-denominated terms – while imports fell 5.7 percent, Chinese state run news agency Xinhua reported on Sunday.

2016-05-09

China welcomes defence and other ties with East Timor: Chinese official

China is willing to strengthen co-operation with East Timor in several fields, including defence, economic matters and culture, said Kong Xuanyou, China’s Assistant Minister of Foreign Affairs.

2016-05-09

Pan-Pearl River Delta region officials visiting Portugal in June

A delegation of officials from the Pan-Pearl River Delta region will visit Portugal in June, according to Jornal Tribuna de Macau.