Chinese companies invest over US$50 billion in Portuguese-speaking countries

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Chinese companies invest over US$50 billion in Portuguese-speaking countries

8:02 CAT | 29 Mar 2017

Macauhub

The investment of Chinese companies in Portuguese-speaking countries totals US$50 billion and the value of contracts in these countries exceeds US$90 billion, said the Deputy Secretary-General of Forum Macau appointed by China.

Ding Tian, who was speaking at a session on business opportunities in Portuguese-speaking countries organised by the Macau Trade and Investment Promotion Institute said trade between China and the “eight” amounted to nearly US$100 billion in 2016, with China continuing to be “one of the most important partners” in these countries.

The Deputy Secretary-General of Forum Macau nominated by China said Macau has become “an indispensable bridge between the parties – China and the Portuguese-speaking countries,” due to its unique advantages.

During the session, which attracted representatives of the sectors of trade and logistics, Gloria Batalha Ung, an executive member of IPIM, reiterated that Macau is “working towards building a service platform,” between China and the Portuguese-speaking countries, to enable small and medium enterprises as well as young local entrepreneurs, to be better informed.

Ung recalled that every year IPIM sends delegations from Macau and mainland China on visits to study Portuguese-speaking countries and confirmed that, in mid-June this year, there will be a visit to Cabo Verde (Cape Verde) for the “Meeting of Entrepreneurs for Economic and Trade Cooperation between China and Portuguese-speaking countries 2017.”

This session’s speakers were representatives of companies that have already invested or done business with Angola, Brazil, Portugal and Timor-Leste

Source: Macauhub