Economic and Business Information

2016-09-20

Macao young entrepreneurs seek out business opportunities in Portugal

Young entrepreneurs in Macao hope to do business with Portugal in fields including wine and real estate, Jornal Tribuna de Macau reports.

2016-09-20

Brazil’s services sector expands 0.7 pct in July

Brazil’s services sector was 0.7 percent bigger in July than the month before, in another sign that the country’s economic recession is easing, Reuters reports, citing Brazilian statistics agency IBGE.

2016-09-20

Mozambique economy to grow 3.6 pct in 2016, EIU forecasts

The Economist Intelligence Unit (EIU) expects the Mozambican economy to grow by 3.6 percent this year and to grow even faster in the following few years, Macauhub reports.

2016-09-19

Structural reform would see China grow by 6.5-6.6 pct, study finds

Academics say the annual rate of growth in the mainland economy could be 6.5 percent or 6.6 percent in the next five years, if the country persists with structural reform, Xinhua reports.

2016-09-19

At US$60 bln, Beijing-backed Brazil-Peru railway one of the world’s costliest

The estimated cost of a proposed railway that the mainland would help build to connect Brazil and Peru is US$60 billion, Reuters reports.

2016-09-19

China Railway International Group to equip Angolan workshops

The Chinese company China Railway International Group will supply equipment for the workshops of the three publicly-owned Angolan railway companies in a deal worth US$46.1 million, Lusa reports.

2016-09-15

China’s August outbound direct investment rises 13.4 pct

China’s non-financial outbound direct investment (ODI) grew to US$15.31 billion (118.78 billion MOP) last month, 13.4 percent more than a year earlier, Xinhua reports.

2016-09-15

Mozambique delegation visits Fujian on investment roadshow

A delegation from the Mozambican province of Inhambane visited Fujian province this week, seeking investments in infrastructure, Notícias reports.

2016-09-15

Luanda branch of Confucius Institute tipped to strengthen Sino-Angolan ties

Angolan Minister of Higher Education Adão do Nascimento believes the opening of a branch of China’s Confucius Institute at the Universidade Agostinho Neto in Luanda will strengthen his country’s cultural relations with the mainland, Angolan news agency Angop reports.

2016-09-14

Foreign direct investment into China began growing again last month

Foreign direct investment in mainland China was 5.7 percent greater last month than a year earlier, expanding again after the annual contraction of 1.6 percent recorded in July, reports the Chinese government-run news agency Xinhua.

2016-09-14

Pace of economic growth seems to be speeding up in Portugal

The Portuguese Ministry of Finance says the rate of growth of the economy is picking up, Reuters reports. “In the second half, signs of acceleration have already been visible, with exports and investment being the most dynamic components,” the report says.

2016-09-14

Brazil, Guangdong to mull ways to facilitate bilateral agricultural trade

Brazil and the mainland Chinese province of Guangdong have agreed to set up a working group to consider measures to facilitate bilateral trade in agricultural products, the Macauhub website reports.