The yuan has officially become part of the Special Drawing Rights (SDR) basket of currencies of the International Monetary Fund (IMF), the mainland’s state-run news agency Xinhua reports.

The City University of Macau and National University of East Timor will work together to arrange academic meetings and exchanges under a new memorandum of understanding, the Macao Daily News reports.

China will boost its support for agriculture in Guinea-Bissau, the Macauhub website reports. China’s Ambassador to Guinea-Bissau Wang Hua made the comments at a reception for the 67th anniversary of the foundation of the People’s Republic of China.

China’s official manufacturing Purchasing Managers Index was unchanged last month, still indicating expansion, Xinhua reports.

The International Monetary Fund has changed its forecasts of economic expansion in China and economic contraction in Brazil.

The Angolan government has set up a committee of nine ministers to make preparations for a Sino-Angolan forum on investment, Lusa reports.

The Mozambique government expects the economy will grow by 5.5 percent next year, according to the Economic and Social Plan for 2017.

Baidu has established a US$60-million investment fund to support Brazilian start-ups, the Macauhub website reports.

China will partner with the United Nations Food and Agriculture Organisation to improve African rice production, including in Cape Verde, the state-run news agency Xinhua reports.

Brazil’s central bank expects the country’s economy will grow by 1.3 percent next year following two consecutive years of contraction, the state-run news agency Xinhua reports.

China’s Ambassador to Angola Cui Aimin has praised the Angolan government’s efforts at dealing with the impact of falling commodities prices, the newspaper Jornal de Angola reports.

TAP Portugal’s first direct flights to mainland China will start next year, the Expresso newspaper reports. “We went to China and they [HNA Group] said we could have four weekly direct flights to Beijing next year and I believe that could be a reality before summer,” TAP shareholder David Neeleman was quoted as saying.