China’s state-owned food giant COFCO Corp has invested nearly US$5 billion in Brazil since it entered that market in 2014, the company said in a press statement. Chinese Vice Premier Wang Yang visited the firm’s infrastructure projects in São Paulo last month.

Portugal is “on the radar” of Chinese investors and the relationship between the two countries is in its “best moment so far”, said Filipe Santos Costa, a former Shanghai-based Delegate from AICEP Portugal Global – Trade & Investment Agency, a Portuguese state organisation.

China and Cape Verde aim to enhance their co-operation in cultural exchanges in the coming years, reported Cape Verdean news agency Inforpress.

The Macao Special Administrative Region (SAR) is to take on responsibility for administering 85 square kilometres of waters surrounding the SAR, and also for administering the land area where the Border Gate with Zhuhai is located, according to an executive meeting today of the State Council.

Activities in China’s services sector expanded slightly month-on-month in June according to official data. The National Bureau of Statistics said the services Purchasing Managers’ Index (PMI) rose to 53.8 in June from 53.2 in May, while its new orders sub-index rose to 51.3 in June from 49.5, as Beijing introduces measures to support the economy. The 50-point level separates contraction from expansion.

An official of the Communist Party of China has called for strengthened co-operation and mutual political trust with Portugal, Chinese official news agency Xinhua reported.

Angola’s President, José Eduardo dos Santos, stated on Thursday that an important new chapter has been opened in the country’s relations with China. He said it related to partnerships between Angolan and Chinese companies in the public and private sectors, Angolan news agency Angop reported.

Brazil’s state-controlled oil company Petrobras slashed its long-term spending plan by 37 percent, The Wall Street Journal reported.

The Angolan Government will sign a US$4.53-billion deal with a China-led consortium to build a new hydropower dam at Caculo Cabaça, according to an order signed by Angolan President José Eduardo dos Santos.

Portugal’s Institute of Traditional Medicine announced on Wednesday it has opened a company with the same name in Macau, further to promote co-operation, Macao’s Portuguese language newspaper Jornal Tribuna de Macau reported.

Cape Verde’s gross domestic product (GDP) grew 1.0 percent in the first quarter, slowing from 4.8 percent for same quarter in 2014.

Angolan central bank raised its benchmark interest rate for a second time this year in a bid to curb inflation pressures, amid declines in global oil prices.