Chinese accounted for more than 80 percent of the so-called golden residence permits issued in Portugal up to July 31 this year, latest official data show.

Portugal’s gross domestic product (GDP) rose 1.5 percent from a year earlier, a seventh consecutive increase, the Lisbon-based National Statistics Institute said on its website on Friday. GDP rose 0.4 percent from the first quarter, according to official data.

The relationship between China and Cape Verde has evolved over the years into a genuine partnership with mutual benefits, said Júlio Morais, Cape Verde’s departing Ambassador to China.

Chinese investors are interested in tuna fishing in Nampula province, in northern Mozambique, reports local newspaper Notícias. The fishery should be carried out in the exclusive economic zone off the coastal district of Angoche.

Guinea-Bissau President José Mário Vaz has dissolved the Government, following internal political differences.

Foreign direct investment (FDI) growth in China recovered in July, Chinese state-run news agency Xinhua reported on Thursday. FDI in Mainland China increased 5.2 percent year-on-year in July to 50.6 billion yuan (US$8.2 billion).

China has appointed new Ambassadors to Portugal, Mozambique and East Timor, Chinese official news agency Xinhua reported on Thursday.

The International Monetary Fund (IMF) has lowered its forecast for economic growth in Mozambique, according to a report this week by Mozambican newspaper Folha de Maputo.

The recent fluctuation of the yuan exchange rate is “within control” and the People’s Bank of China is “fully capable” of stabilising the market if necessary, said Ma Jun, an economist from the Chinese central bank speaking on Wednesday. The comments followed the institution’s decision this week to devalue China’s currency.

A Chinese state-owned shipbuilder delivered a refurbished oil and gas production and storage vessel to Brazilian oil giant Petrobras on Tuesday, Chinese state-run news agency Xinhua reported. The FPSO Cidade de Saquarema could boost the daily crude production of the Brazilian firm by 150,000 barrels in the next 25 years, said Xinhua,.

The sole clearing bank for yuan business in Macao, Bank of China Macao Branch (BOC Macao), has been approved to provide clearing and settlement services in China’s currency to Portuguese-speaking Countries, local newspaper Macao Daily News reported.

China will donate two new maritime patrol ships to Cape Verde on Friday as part of a military co-operation protocol between the two nations, Cape Verde newspaper A Nação reported.