The Chinese Ministry of Commerce says steady growth in trade and investment has increased Sino-Portuguese economic engagement in the past few years, Xinhua reports.
The Chinese government-run news agency says the value of Sino-Portuguese trade rose to US$5 billion in the first 10 months of this year, 8 percent more than in the corresponding period last year.
The report says the value of Chinese imports from Portugal rose by 12.5 percent to US$1.91 billion.
It quotes the spokesman for the Ministry of Commerce, Gao Feng, as telling a news conference: “By the end of October, Portugal had invested US$210 million in 255 projects in China, while Chinese companies have made about US$9 billion of investments in Portugal in areas including energy, telecommunication equipment and finance.”
Chinese and Portuguese businesses have co-operated successfully in energy projects in Brazil, Chile, Mozambique and Angola, Xinhua says.
