China attracted US$8.53 billion in foreign direct investment (FDI) in October, up by 1.3 percent from a year earlier, but the year-to-date inflows declined for four consecutive months, the Chinese Ministry of Commerce announced on November 18.

The government of Angola plans to build a national railway network linking the country’s three current railways, the Minister for Transport said quoted by local media.

Macao’s Secretary for Transport and Public Works Lau Si Io said that the city’s light rapid transit railway (LRT) in Cotai will be linked to the Hengqin Island border by a tunnel under the Shizhimen channel.

Portugal’s national flag carrier TAP will be privatised, the Minister of Finance Maria Luís Albuquerque told parliament following the sale’s approval by the cabinet, Portuguese news agency Lusa reports.

Chinese President Xi Jinping has called for closer cooperation with Brazil, particularly in the area of railway infrastructure, China’s official news agency Xinhua reported. Mr Xi met his Brazilian counterpart Dilma Rousseff on Sunday, on the sidelines of the G20 Summit in Australia.

China will overtake the United States as the largest oil consumer in the world by 2030, the International Energy Agency (IEA) said.

Economist João António Pinto Coelho Serra will be the new Governor of the Bank of Cape Verde (BCV), the country’s Prime Minister José Maria Neves confirmed at a press conference, according to local media.

The gradual process of industrialisation will enable competitive import substitution and allow Angola to become an exporting country, Secretary of State for Industry, Kiala Gabriel, said in Luanda.

Portuguese power company EDP – Energias de Portugal SA – has sold half of the 66.67 percent stake it held in Brazilian power company Empresa Energia São Manoel SA to a subsidiary of China Three Gorges Corp (CTG) in Brazil, the group said.

Angola’s Minister of Geology and Mines, Francisco Queiroz, is in China this week, where is having meetings with several officials of foreign companies operating in the diamond sector, Angolan news agency Angop reports.

Portuguese exports to China rose 19 percent year-on-year in the first nine months of 2014 to 595 million euros (US$740.3 million), show data released this week by Portugal’s National Statistics Institute (INE). That is up from 500 million euros recorded in the first nine months of 2013.

The Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao), also known as Forum Macao, informs that a new representative from Angola to the Permanent Secretariat of Forum Macao, Belarmino Paredes Vieira Barbosa, took office on November 1, 2014.