Economic and Business Information

2014-12-23

China eases rules on foreign bank branch openings

Mainland China has eased restrictions on branch openings and entry into yuan business by foreign banks to further open up its domestic banking sector, Chinese official news agency Xinhua reported.

2014-12-19

Mozambique exports to China growing fast: Ambassador

The Chinese Ambassador to Mozambique, Li Chunhua, said in Maputo that in the last two years Mozambican exports to China reached US$1 billion, about a third of the aggregate value of bilateral trade.

2014-12-19

China continues zero tariff policy on imports from least developed countries

Almost all goods imported by China from least developed countries will be exempt from tariffs next year, according to the Tariff Implementation Plan for 2015, approved by the country’s State Council this week.

2014-12-19

Guangdong, Macau expandem liberalização do comércio de serviços

Empresas de Macau vão passar a desfrutar de “tratamento nacional” em 58 sectores de serviços no Interior da China a partir do próximo ano, ao abrigo do Acordo de Concretização Básica da Liberalização do Comércio de Serviços em Guangdong entre o Interior da China e Macau.

2014-12-18

ADB donates US$3.5 mln to Cape Verde

The African Development Bank (ADB) has granted three donations to Cape Verde to a total amount of US$3.5 million to promote agriculture, investment and poverty reduction in the country, the Ministry of Finance said this week, according to a report from local newspaper A Semana.

2014-12-18

Macao’s role as economic platform growing: Ministry of Commerce

Beijing has praised Macao’s growing influence as a platform between China and Portuguese-speaking Countries, pledging support for the territory to further improve such role.

2014-12-18

Confidence in Portugal’s real estate market rising: survey

Confidence in the Portuguese real estate market has now been positive for the past year and sales are rising, according to new data.

2014-12-17

Financing programme for Brazilian exports to include Angola

Brazilian businesses planning to invest in Angola can benefit from Brazil’s Export Financing Programme (Proex) starting from 2015, said the president of the Brazil-Angola Chamber of Commerce, Simão Grilo dos Santos.

2014-12-17

Mozambique’s central bank keeps key interest rates unchanged

The Monetary Policy Committee of the Bank of Mozambique has announced that the central bank’s key interest rates will remain unchanged for the rest of the year.

2014-12-17

ECOWAS to launch common tariff in January

Members of the Economic Community of West African States (ECOWAS) are set to launch the regional Common External Tariff (CET) on January 1. The new tariff will apply to Cape Verde and Guinea-Bissau, members of ECOWAS.

2014-12-16

Number of new firms in China surges after Beijing cuts red tape

The number of new enterprises registered in China has surged by more than half in the calendar year to October 31 after the streamlining of the approval process, the Chinese Government says.

2014-12-16

Sonangol gets US$2 bln credit line from China Development Bank

The China Development Bank (CDB) will provide a new US$2 billion credit line to Angola’s state oil company Sonangol. The agreement was signed last week in Luanda, reports Angola’s news agency Angop.