Suzano, the largest hardwood pulp producer in the world, is considering deals with China priced in the yuan, signaling that some commodity markets may be joining the shift away from the dollar.

In an interview with Lusa, Choi Man Hin, president of the Association of Luso-Chinese Merchants and Industrialists (ACILC) said that the assisted housing sector for the elderly should be one of the new bets for Chinese investment in Portugal.

Fortaleza (Brazil) and Xiamen (China) signed a sister-city agreement on the 12th of May at the Paço Municipal. This means that the cities will create mechanisms for cultural, social and economic exchange and cooperation, focusing on social equality.

EDP Renováveis (EDPR) has completed the construction of a 19 Megawatt-peak (MWp) distributed generation solar power project for self-consumption on the roof of a factory in China’s Anhui province, the company said in a statement on the 8th of May.

The opening of new markets and the expansion of trade relations between Rio Grande do Sul and China was the subject of the meeting between the acting governor, Gabriel Souza, and the Chinese ambassador to Brazil, Zhu Qingqiao, on the 9th of May in Brasilia.

Mozambique will be one of the eight countries featured as guests of honor at the third edition of the China-Africa Economic and Trade Exhibition, to be held in Changsha, the capital of Hunan province, at the end of June, the organization announced.

Petrobras, together with Equinor and Repsol Sinopec Brasil, announced the final investment decision in block BM-C-33, located in the pre-salt layer of the Campos Basin, in Rio de Janeiro. With an investment of US$9 billion, the block promises to boost oil and gas production in the region.

Xiaomi, a Chinese electronics manufacturer, announced the opening of its first official store in Brazil in Porto Alegre, Rio Grande do Sul. The store is located at Shopping Iguatemi and opened on the 6th of May.

Júlio Lopes, Mayor of Sal Island, tells Plataforma that the Chinese business community has made an important contribution to tourism and urban development.

The Chinese home appliance and electronics giant Hisense has settled a partnership with Via, one of the largest retailers in Brazil, owner of the Casas Bahia, Ponto and Extra.com.br brands. The company will have an exclusive space in the Casas Bahia megastore on Marginal Tietê, in São Paulo.

Brazil imported 5 GW in solar panels from China in the first quarter of 2023 and followed as the largest market in the American continent, shows a survey by InfoLink Consulting. In March alone, an volume of import of photovoltaic equipment was 2 GW, being surpassed in the world only by the Netherlands, the logistical and port center of Europe.

China has been the fourth largest direct foreign investor in Portugal for several years, holding a global position valued at €11.2 billion at the end of 2022, according to the Bank of Portugal (BdP).