Economic and Business Information

2015-01-05

Revamp of Cape Verde Presidential Palace to be completed by year-end: China

The renovation to the Presidential Palace of Cape Verde, funded by the Chinese government, will be completed on schedule by year-end. The pledge was made by China’s ambassador to Cape Verde, Su Jian, during his meeting with Julio Cesar Freire de Morais, the African nation’s ambassador to China.

2015-01-02

China’s factory gauge hits 18-month low in Dec

A gauge measuring factory activity in Mainland China dipped to an 18-month low in December. However, the Chinese services sector continued its robust performance, another indicator shows.

2015-01-02

China’s central bank pledges to keep ‘prudent’ policy

The Chinese central bank has pledged to maintain a “prudent monetary policy” while pushing ahead reasonable growth in loans and private financing.

2015-01-02

Brazilian President Dilma Rousseff vows to boost economy

Brazilian President Dilma Rousseff on Thursday was sworn in for a second term in office.

2015-01-02

Cape Verde to introduce new banknotes this month

New banknotes of 500 escudos (US$5.60) and 5,000 escudos will this month start circulating in Cape Verde, according to a report by weekly newspaper A Semana.

2014-12-31

Next year crucial for reform: China’s President Xi

Chinese President Xi Jinping is emphasising “continued efforts” in pushing reforms in the nation during the crucial year of 2015, China’s state-run news agency Xinhua reported.

2014-12-31

Guangdong free trade zone to forge closer ties with Macao

A free trade zone planned in Guangdong Province will play a key role in building closer ties between Macao, Hong Kong and Mainland China, China’s state-run news agency Xinhua reported.

2014-12-31

Macao most liveable city in Greater China: survey

Macao is the most liveable city in Greater China, leading Hong Kong, Beijing and Shanghai, according to a survey by the National University of Singapore.

2014-12-23

Angolan diamond sales hit US$1.2 billion from Jan-Nov

Sales of diamonds from Angola reached US$1.2 billion in the first 11 months of 2014, the country’s Geology and Mining Minister, Francisco Queirós, said on Monday.

2014-12-23

Mozambique’s banking network increases footprint

The number of bank branches in operation in Mozambique has reached an all-time high, at 541. That is an increase of 21 units over 2013, according to the country’s central bank.

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.