Economic and Business Information

2015-07-22

BRICS’s New Development Bank officially launched

The BRICS’ New Development Bank – aimed at mobilising infrastructure and sustainable development projects in developing nations – was officially launched in Shanghai on Tuesday, Chinese state-run news agency Xinhua reported.

2015-07-21

Fresh focus on Sino-Angolan training: Angola official

Angolan provincial vice-governor Ernesto Kiteculo has hailed China’s contribution to the country’s economic development adding that future bilateral co-operation would further focus on training, Angolan news agency Angop reported.

2015-07-21

Macao committed to co-operation with Portuguese-speaking Countries: SAR Secretary

Macao’s Secretary for Social Affairs and Culture, Alexis Tam, stressed the importance the Special Administrative Region’s Government attaches to promoting co-operation and exchange with Portuguese-speaking Countries, Macao’s Government Information Bureau announced.

2015-07-21

China’s unemployment rate drops to 5.06 pct in June

China’s unemployment rate fell in June to the lowest level so far this year, official data show. Officials suggest economic stimulus measures have contributed to the improvement.

2015-07-20

Cape Verde’s business confidence up in Q2

Cape Verde’s economic climate “improved slightly” in the second quarter, judged quarter-on-quarter. But the economic outlook is still negative, the country’s national statistics bureau, Instituto Nacional de Estatística de Cabo Verde (INECV) said.

2015-07-20

China’s State Grid wins power line contract in Brazil

China’s State Grid Corp won a contract last week to build and operate a 2,500-kilometre power line in Brazil and is now seeking local partners, Chinese official news agency Xinhua reported.

2015-07-20

World Bank applauds China reform efforts

The World Bank says it applauds Beijing’s efforts in pushing forward economic reforms, praising the “sound” fundamentals of the world’s second largest economy, Chinese official news agency Xinhua reported.

2015-07-17

New resort a turning point in Cape Verde tourism: Prime Minister

A new casino-resort that Macao businessman David Chow plans to build in Cape Verde represents a turning point for the country’s tourism industry, said Cape Verde’s Prime Minister, José Maria Neves.

2015-07-17

Transcontinental railway a long-time dream: Brazilian Minister

The proposed transcontinental railway linking Brazil to Peru has been a long-time dream for Brazil, said the country’s Environment Minister Izabella Teixeira in comments on Wednesday.

2015-07-17

Chinese business delegation visits Portugal

A business delegation led by the All-China Federation of Industry and Commerce visited Portugal last week to address new business opportunities, Portuguese newspaper Público reported.

2015-07-17

Teachers from China to give Mandarin instruction at Portuguese schools

China and Portugal on Tuesday signed an agreement to launch a pilot programme that will allow teachers coming from China to teach Mandarin as a foreign language in Portuguese high schools. The initiative starts in September, Portuguese news agency Lusa reported.

2015-07-16

Brazil chicken meat sales to China could rise by half: report

Sales to China of Brazilian chicken meat could rise by more than half if Beijing grants export approvals to seven more factories in the South American nation, financial news agency Bloomberg reported.