Economic and Business Information

2017-01-20

Portugal’s economy will be more robust, sustainable this year: Portuguese President

The Portuguese economy will be more robust and sustainable this year, Portuguese President Marcelo Rebelo de Sousa said on Tuesday.

2017-01-20

BNU becomes the first Macao bank to open in the Mainland with a branch in Zhuhai

The Macao-based bank Banco Nacional Ultramarino (BNU), a part of the Portuguese group Caixa Geral de Depósitos (CGD), has opened its first branch in Mainland China, the Macauhub website reports.

2017-01-20

On tour in Angola’s Bié province, Chinese Ambassador seeks out new business

China’s Ambassador to Angola, Cui Aimin, toured Bié province in central Angola on Wednesday to assess investment opportunities, Angop reports.

2017-01-19

Brazil posts a record trade surplus with Mainland China for 2016

The trade surplus between Brazil and Mainland China reached a record US$11.77 billion last year, a 140.8-percent increase over the US$4.89 billion result in 2015, the Macauhub website reports.

2017-01-19

ICBC finances construction of power plant in Angola

The Industrial and Commercial Bank of China will provide US$837 million to fund 85 percent of the construction of a combined-cycle power plant in Soyo, in far northern Angola, Lusa reports.

2017-01-19

Portugal sends investment roadshow to China to attract interest in tourism

The Portuguese government will take a roadshow around the world to attract foreign investment in its tourism sector, the Jornal de Negócios reports. The newspaper reports that Mainland China is among the destinations.

2017-01-18

Brazil poised to grow in first quarter, says Finance Ministry

Brazil’s Finance Minister says the worst is over for the country’s economy, which has been in recession for two years, with the government forecasting growth in the first quarter.

2017-01-18

Angola spends US$243 mln on Chinese technology to manage national records

The Angolan government has awarded a US$243-million contract to China National Electronics Import and Export Corp. to manage the country’s identification card system, Lusa reports.

2017-01-18

Guangxi Construction signs on to build East Timor’s first skyscraper

Chinese company Guangxi International Construction Engineering Co., Ltd and Li Tyen Development SA will develop two 17-floor towers in East Timor, creating the nation’s first skyscraper, Lusa reports.

2017-01-17

FDI in Mainland China grows 4.1 pct to US$118 bln in 2016

Foreign direct investment in Mainland China was worth 813 billion yuan (US$118 billion) last year, 4.1 percent more than the year before, Xinhua reports.

2017-01-17

IMF raises this year’s forecast for Mainland economic growth to 6.5 pct

The International Monetary Fund has increased the rate of growth it forecasts for the Chinese economy this year to 6.5 percent from 6.2 percent, Bloomberg reports.

2017-01-17

Macao, Brazil to co-operate more closely in legal matters

The Macao SAR Government is willing to have more exchanges and co-operate more closely with Brazil in the field of the law, Jornal Tribuna de Macau reports.