China will donate two new maritime patrol ships to Cape Verde on Friday as part of a military co-operation protocol between the two nations, Cape Verde newspaper A Nação reported.

China devalued its currency the yuan by the most recorded at one sitting since 1994. The move is to enhance the market orientation of the yuan, China’s central bank said.

Portugal’s exports of goods increased by 7.4 percent year-on-year in the second quarter, totalling 13 billion euros (US$14.3 billion), Statistics Portugal announced on Monday.

China’s consumer prices increased in July while producer prices continued to fall, official data showed. China’s consumer prices index went up by 1.6 percent year-on-year in July, the National Bureau of Statistics of China announced on Sunday. It was a 0.3 percent increase from June, it added.

If Cape Verde strengthens its ties with China and Angola it could help the Cape Verdean economy reduce its reliance on European markets, said the Economist Intelligence Unit (EIU).

China’s exports fell in July, pushed mainly by weaker external demand, China’s official press reported over the weekend.

Angola has suspended the issuing of new mining licences until its National Geological Plan is implemented, the Angolan Minister of Geology and Mining, Francisco Queiroz, announced on Friday.

A Chinese firm under the Jiangsu Provincial Government will build a processing plant for agricultural products in Cape Verde. The Chinese Embassy in Cape Verde gave the news in a statement.

The unemployment rate in Portugal has fallen to the lowest level in four years, Portuguese media reported. Official data revealed on Wednesday by Statistics Portugal showed the country’s unemployment rate fell to 11.9 percent in this year’s second quarter. It was a 1.8-percentage points drop from the previous quarter.

The Chinese Government is pleased with the progress of its relations and exchanges with Angola, said China’s Ambassador to the country, Gao Kexiang.

A former senior official from China has called for Cape Verde to develop its fishing and tourism sectors to create new jobs in the archipelago; Cape Verdean newspaper A Semana reported this week.

Chinese e-commerce giant Alibaba Group is studying the possibility of introducing its business-to-business (B2B) platform in Brazil, providing more opportunities for Brazilian firms to tap into the Chinese market.