Shenzhen to reach Lusophone world via Macau

Macau and Shenzhen agree deal to encourage investment in each other’s hotels, travel agencies and tourist attractions

Only Macau can be the conduit for Shenzhen’s endeavours to increase its trade with the Portuguese-speaking world, Shenzhen Mayor Xu Qin says.
Mr Xu, speaking after officials held their annual meeting about cooperation between Macau and Shenzhen, said his city was particularly eager to sell electric vehicles in Lusophone markets.
“Shenzhen would like to see the products of our key industries penetrating markets in Portuguese-speaking countries, and Macau can play an agent’s role,” he told reporters.
He said Macau was “irreplaceable” as the platform for fostering trade relations between mainland China and the Portuguese-speaking world.
In November Vice-Premier Wang Yang told the ministerial conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking countries that China was aiming for US$160 billion (MOP1.28 trillion) worth of trade with Lusophone markets by 2016.
Mr Wang said the value of such trade had grown at an average annual rate of 37 percent in the preceding decade. In 2002 the value was US$5.6 billion.
Mr Xu said yesterday: “We also mentioned in the meeting that we can reinforce cooperation with Macau on environmental issues, especially on electric vehicles.”
He said electric vehicles were now more widely used in Shenzhen than before, the city having on its roads over 6,000 private electric vehicles and nearly 4,000 electric vehicles used for public transport.

Electrifying progress

“Shenzhen has a strong manufacturing industry and well-established technology companies, and our electric vehicle industry is a pioneer in our country, with makers such as BYD Co Ltd and Shenzhen Wuzhoulong Motors Co Ltd,” Mr Xu said.
“A dozen countries in Europe are already using the products of BYD Co Ltd,” he said. He said BYD vehicles were also used in the United States and in South America.
“The use of green vehicles is one of the areas of cooperation with Macau we are most interested in,” he said. He did not say what form of cooperation.
The governments of Macau and Shenzhen signed yesterday a memorandum on cooperation in tourism.
The memorandum says the two cities will encourage investment in each other’s hotels, travel agencies and tourist attractions by individuals and companies alike.
It says Macau and Shenzhen will do more to promote jointly tourism at home and abroad.
Mr Xu said he would like to see more Macau companies doing business in Qianhai, the special economic zone in Shenzhen intended as a test bed for the internationalisation of the yuan and reform of the mainland’s economy.
“We would support Macau companies, especially those in finance, healthcare, logistics and cultural and creative industries, as well as Macau lawyers, in the expansion of their business in mainland China through Qianhai,” he said.