Economic and Business Information

2015-08-04

Mozambique hails medical co-operation with China

Medical co-operation between China and Mozambique is “one of the best” such international partnerships on public health, Mozambican Deputy Minister of Health, Mouzinho Saíde, told Chinese state-run news agency Xinhua.

2015-08-03

China’s official factory gauge at 50 in July

Factory activity in China slipped to a five-month low in July, but activity in the services sector continued to rise, an official survey showed.

2015-08-03

China co-operates with Guinea Bissau in social housing plan

China will take part in a plan by Guinea Bissau for the construction of social housing in the country’s capital, Bissau, the Guinean Minister of Public Affairs, José António Almeida, told Portuguese news agency Lusa on Saturday.

2015-08-03

IPIM mulls new fair in Macao focused on Portuguese-speaking countries

The Macao Trade and Investment Promotion Institute (IPIM) is studying the possibility of launching a new business fair in Macao specifically focused on the relations between China and Portuguese-speaking Countries, IPIM’s Executive Director Glória Batalha Ung told local newspaper Jornal Tribuna de Macau.

2015-07-31

China pledges further, targeted measures to spur economy

China’s top decision-making body pledged on Thursday to carry out further policies designed to maintain stable economic growth, despite factors dragging such expansion, Chinese state-run news agency Xinhua reported.

2015-07-31

Angola signs 23 new investment deals

Angola’s National Agency for Private Investment (ANIP) on Wednesday signed 23 agreements – worth a total of 5.496 billion kwanzas (US$43.5 million) – with Angolan and foreign investors. The deals included projects with capital provided by China and Portugal, Angolan news agency Angop reported.

2015-07-31

Cape Verde launches new Data Center

Cape Verde’s new Data Center was officially launched on Wednesday in the country’s capital city, Praia. The governments of China, Portugal and Cape Verde funded the new technological infrastructure.

2015-07-30

Rating agency S&P cuts Brazil outlook to negative

International rating agency Standard & Poor’s lowered its outlook for Brazil to ‘negative’ from ‘stable’ due to what it said were ongoing economic and political challenges faced by South America’s largest economy.

2015-07-30

Angola raises key interest rate by 50 basis points

Angola’s central bank has raised its benchmark interest rate for the second time in consecutive months. It said the aim is to curb inflation and boost the local currency amid falling world prices for oil, a major export of the African country.

2015-07-30

President of Portuguese trade and investment agency visits China

The President of the Portuguese state organisation AICEP Portugal Global – Trade & Investment Agency, Miguel Frasquilho, is on a visit to China, Portuguese news agency Lusa reported. The aim, he said, is to “broaden China’s interest in the Portuguese market”.

2015-07-29

China’s SAIC, GM to develop small vehicles for emerging markets

U.S. automaker General Motors (GM) on Monday said it would invest US$5 billion with China’s state-owned carmaker Shanghai Automotive Industry Corp, to develop jointly small vehicles for emerging markets including Brazil.

2015-07-29

East Timor seeks foreign investments in tourism

East Timor’s Prime Minister, Rui Maria de Araújo, has called for foreign investments in the country’s tourism sector in order to diversify its economy.