Economic and Business Information

2016-09-27

Cape Verde expecting more than 650,000 tourists this year

The government of Cape Verde forecasts that more than 650,000 tourists will visit the country this year, A Semana reports.

2016-09-27

State Grid Corp of China increases stake in Brazilian electricity utility

Brazil’s largest pension fund, Previ, will sell its 29-percent-stake in Brazilian electricity company CPFL Energia SA to State Grid Corp of China, Reuters news agency says.

2016-09-27

Portuguese prime minister to visit China, including Macao

Portuguese Prime Minister António Costa will visit China from October 8 to 12, Jornal de Negócios reports. The Portuguese newspaper says Mr Costa’s visit will include a stop in Macao. It cites a statement issued by the prime minister’s office.

2016-09-26

Mozambique to build industrial park with China’s assistance

The government of Mozambique has identified a number of potential locations and participants to be involved in an industrial park that will be built with Bejing’s assistance, according to China’s Ambassador to Mozambique Su Jian.

2016-09-26

Three infrastructure projects in Angola’s Cabinda won by mainland firms

Chinese companies have won three infrastructure contracts in the Angolan city of Cabinda, online news portal Macauhub reports.

2016-09-26

Macao-Beijing-Lisbon route being assessed by Air China, Air Macau

Mainland carrier Air China and its subsidiary Air Macau are assessing a new route form Macao to Beijing and Lisbon, reports the Jornal Tribuna de Macau newspaper.

2016-09-23

China becomes world’s second biggest provider of direct investment

The mainland has overtaken Japan to become the second biggest source of outbound direct investment (ODI) in the world, according to official data.

2016-09-23

Mainland officials consider forgiving Mozambican debt

China may be prepared to cancel some of the loans out has made to Mozambique, according to the newspaper Notícias.

2016-09-23

School rehabilitation in Cape Verde benefits from Chinese donation

China will donate 4.62 million escudos (US$46,726) to construct and renovate schools in Cape Verde, the news agency Inforpress reports.

2016-09-22

Premier Li says opening up the economy will drive economic growth

Beijing will promote economic development by opening up the economy, Premier Li Keqiang said on Wednesday at the United Nations General Assembly.

2016-09-22

Business sector confidence in Brazil industry back to 2014 Q1 level, survey finds

Confidence in Brazil’s industrial sector increased for the fifth straight month and has reached its highest level in more than two years, the Brazilian news agency Brasil reports.

2016-09-22

Xinhua ready to restore links with Angop, says mainland diplomat

The Xinhua news agency will resume ties with Angop, the Angolan news agency. The political adviser at the Chinese Embassy in Luanda, Li Chong, made the announcement on Wednesday after visiting Angop’s headquarters.