China was the biggest customer for Brazil’s agricultural and livestock product exports in July, increasing its share from 25.5 percent to 32.1 percent, said the Ministry of Agriculture of Brazil.

China should allow its economy to slow again next year as it tries to push forward with more reforms in credit and financial areas, said the International Monetary Fund (IMF).

Infrastructure projects to develop East Timor’s enclave of Oecusse are moving forward at a good pace said Mari Alkatiri, who chairs the Authority for the Special Administrative Region of Oecusse. He said 40 percent of the approximately US$130 million budgeted this year for the development of the economic area has been utilised.

Chinese accounted for more than 80 percent of the so-called golden residence permits issued in Portugal up to July 31 this year, latest official data show.

Portugal’s gross domestic product (GDP) rose 1.5 percent from a year earlier, a seventh consecutive increase, the Lisbon-based National Statistics Institute said on its website on Friday. GDP rose 0.4 percent from the first quarter, according to official data.

The relationship between China and Cape Verde has evolved over the years into a genuine partnership with mutual benefits, said Júlio Morais, Cape Verde’s departing Ambassador to China.

Chinese investors are interested in tuna fishing in Nampula province, in northern Mozambique, reports local newspaper Notícias. The fishery should be carried out in the exclusive economic zone off the coastal district of Angoche.

Guinea-Bissau President José Mário Vaz has dissolved the Government, following internal political differences.

Foreign direct investment (FDI) growth in China recovered in July, Chinese state-run news agency Xinhua reported on Thursday. FDI in Mainland China increased 5.2 percent year-on-year in July to 50.6 billion yuan (US$8.2 billion).

China has appointed new Ambassadors to Portugal, Mozambique and East Timor, Chinese official news agency Xinhua reported on Thursday.

The International Monetary Fund (IMF) has lowered its forecast for economic growth in Mozambique, according to a report this week by Mozambican newspaper Folha de Maputo.

The recent fluctuation of the yuan exchange rate is “within control” and the People’s Bank of China is “fully capable” of stabilising the market if necessary, said Ma Jun, an economist from the Chinese central bank speaking on Wednesday. The comments followed the institution’s decision this week to devalue China’s currency.