Economic and Business Information

2015-02-24

China’s service trade to grow over 10 pct in 2015: Ministry

China’s service trade is set to expand by at least 10 percent this year as the Central Government aims to accelerate the sector’s development to counter the slowdown in the trade of goods, said the country’s Ministry of Commerce.

2015-02-18

Brazil opens first Portuguese-Chinese high school

Brazil opened its first Portuguese-Chinese bilingual high school this month to increase cultural exchanges between the two sides, Chinese state-run news agency Xinhua reported on Tuesday.

2015-02-18

IMF welcomes Angola’s State Budget review

The head of the International Monetary Fund’s (IMF) mission to Angola, Ricardo Velloso, said the country’s Government acted “timely and intelligently” in revising the State Budget for 2015, reports local newspaper Jornal de Angola.

2015-02-18

China’s FDI surges by over 29 pct in January

Foreign direct investment (FDI) in China expanded at the fastest pace in nearly four years in January, as investors were drawn to the services sector, data from the Chinese Ministry of Commerce show.

2015-02-17

East Timor swears in Rui Araujo as new Prime Minister

East Timor has sworn in a new Prime Minister after former leader Xanana Gusmão resigned earlier this month.

2015-02-17

China to boost support to Cape Verde in 2015

The Chinese Government will boost support to Cape Verde, focusing on the fields of health, education and agriculture, China’s Ambassador to Cape Verde, Su Jian, told Cape Verdean news agency Inforpress.

2015-02-17

China to launch online platform to review investment plans

Entrepreneurs in China will soon be able to submit their investment plans online instead of physically going to different government bodies, state-run news agency Xinhua reported.

2015-02-16

Brazilian coffee exports grow 4.35 pct in January

Brazilian coffee exports recorded an annual growth of 4.35 percent in January this year, according to official figures reported by news agency Agência Brazil.

2015-02-16

Chinese-rebuilt railway open to traffic in Angola

The final section of a 1,344-kilometre railway rebuilt by state-owned China Railway Construction Corp in Angola opened on Saturday, state-run news agency Xinhua reports.

2015-02-16

Portuguese economy grew 0.9 pct in 2014

Portugal’s gross domestic product (GDP) expanded in the three months through December at the fastest pace in a year as external demand increased.

2015-02-13

Xanana Gusmão to stay in govt as Investment Minister

East Timor’s departing Prime Minister Xanana Gusmão will stay in the cabinet as Investment Minister, the government said on Wednesday.

2015-02-13

Angola divides oil blocks for future concessions

The Government of Angola has approved the division of the Namibe Basin Maritime Zone, in the south of the country, into 12 oil exploration blocks, according to an executive order from the country’s Oil Minister, Botelho de Vasconcelos.