Macao´s Economy Contracts 48.7 per cent in First Quarter
Due to the COVID-19 pandemic, Macao’s gross domestic product (GDP) dropped 48.7 per cent year-on-year in real terms in the first quarter of the year, the Statistics and Census Bureau (DSEC) announced today. Gross gaming revenue fell fall of 93.2 per cent.
China´s Trade With Brazil, Cabo Verde and Timor Leste Resists Pandemic
Chinese trade with Brazil resisted the Covid-19 pandemic in the first quarter of the year and even rose in the cases of Cabo Verde and Timor Leste. However, exchanges with the remaining Portuguese-Speaking Countries (PSC) did not resist the pandemic.
Brazilian Industry Calls for Measures to Compensate Import of Subsidized Chinese Products
A study by the National Confederation of Industry (CNI) shows that Brazil imported USD5 billion in subsidized Chinese products in 2019, 14.1% of Brazilian imports from China last year. The body is calling