Experts predict that investment in high-end agriculture and other businesses is likely to lead a new round of ‘going global’ for Chinese companies.
Lusofonia
Research indicates online commerce in the food and beverage industry will grow by more than 8% annually in coming years.
Brazilian producers urge government to resolve impasse as 60% of country’s beef is sold to China.
January-August trade valued at US$162 billion as China’s thirst for oil, semi-precious metals and agricultural products continues.
China’s CITIC and CR20 vie with Portugal’s Mota-Engil and DP World of Dubai for chance to run key tri-nation rail export link for next 30 years.
Lisbon, Porto and the Algarve are the most popular destinations; foreign buyers estimated to make up 11% of the market.
GDP growth expected to expand by 4.5% next year following well-drilling in the Bayu-Undan field and vaccine deliveries from China and Japan.
New refinery, capable of processing up to 200,000 barrels a day, would help break the African republic’s dependence on oil imports.
Acquisition of CELG-T’s grid, which covers 755 kilometres, is in line with EDP’s growth strategy in regulated electricity networks in Brazil.