Economic and Business Information

2015-04-22

Mozambique to import train carriages, buses from China

The Government of Mozambique will import 70 train carriages from China this year to improve public transportation in the country, said the Minister of Transport and Communications, Carlos Mesquita.

2015-04-22

Bank of China creates team for Portuguese-speaking countries

The Bank of China Macau Branch (BOC Macau) has created a team dedicated to promote economic and trade co-operation between China and Portuguese-speaking countries, reports local newspaper Jornal Tribuna de Macau (JTM).

2015-04-22

Angolan officials to visit China for co-operation talks

A new delegation of members of the Government of Angola will visit China soon to continue discussing bilateral co-operation. Initial talks ended last weekend, said Angola’s State Secretary for Cooperation, Ângela Bragança.

2015-04-21

China, Angola to boost ties on infrastructure, agriculture

China and Angola could strengthen cooperation in infrastructure and agriculture, said Chinese Vice Premier Wang Yang.

2015-04-21

Guinea-Bissau to export more cashew products to China

The Government of Guinea-Bissau wants to export more cashew products to China and Vietnam this year, said Baciro Dja, a spokesman for the administration.

2015-04-21

China launches three new free trade zones today

China will officially launch three new free trade zones (FTZs) on Tuesday, April 21, Chinese state-owned newspaper People’s Daily reported. The zones were approved last year.

2015-04-20

Portugal raises 2015 growth forecast to 1.6 pct

The Portuguese Government raised its growth forecast for 2015 and said it sees the economy accelerating in the following years.

2015-04-20

Mozambique Govt to buy buses from China-backed firm

The Mozambican Government signed an agreement last week to buy buses from Matchedje Motors in a bid to improve urban public transport system in the country, Mozambique News Agency reported.

2015-04-20

China’s central bank cuts bank reserve requirement

China’s central bank announced the second cut to the bank reserve requirement ratio in about two months. It was the latest measure seeking to spur the country’s economy.

2015-04-17

Mozambique delays new oil, gas bids until July 30

Mozambique has delayed the deadline for submitting bids for 15 new oil and gas exploration fields by three months, news agency Reuters reported.

2015-04-17

Angola’s imports from China surge 42.2 pct in 4Q

China is poised to become the biggest source of imports for Angola after a robust performance in the fourth quarter of last year, Portuguese news agency Lusa reported.

2015-04-17

China’s FDI rises 11.3 pct in 1Q

Foreign direct investment (FDI) into China grew 11.3 percent in the first quarter of 2015 compared to the prior year quarter, figures from the Chinese Ministry of Commerce show.