PayPal users will be able to make cashless payments in China using QR codes through Tencent’s WeChat Pay’s extensive merchant network, the Chinese technology giant says, in a move calibrated to attract more foreign tourists.<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/in-a-tourist-friendly-move-chinas-tencent-to-allow-paypal-payments-through-its-wechat-networks/" class="more-link"> […] <span class="screen-reader-text">In a tourist-friendly move, China’s Tencent to allow PayPal payments through its WeChat networks</span></a></div>

More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China. Nearly one-third of<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/european-companies-double-down-on-china-manufacturing-despite-eu-de-risking-push/" class="more-link"> […] <span class="screen-reader-text">European companies double down on China manufacturing despite EU de-risking push</span></a></div>

The Portugal-China Chamber of Commerce and Industry (CCILC) Macau delegation, led by President Carlos Cid Alvares, paid an official visit to Changsha, the capital of China’s Hunan province, to deepen economic links and advance cooperation<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/ccilc-macau-delegation-signs-strategic-cooperation-agreement-during-economic-visit-to-changsha/" class="more-link"> […] <span class="screen-reader-text">CCILC Macau delegation signs strategic cooperation agreement during economic visit to Changsha</span></a></div>

Yang Yirui, Ambassador of the People’s Republic of China to Portugal, predicts that Portugal and China could collaborate in the construction of automobiles. At the international conference ‘Together, We Create the Future – Together, Leading<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/portugal-and-china-anticipate-possible-collaboration/" class="more-link"> […] <span class="screen-reader-text">Portugal and China anticipate possible collaboration</span></a></div>

Creating a team from scratch or buying an existing one are options being considered. The Chinese electric vehicle manufacturer BYD is studying the possibility of entering top-level motorsport competitions such as Formula 1 or the<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/12284/" class="more-link"> […] <span class="screen-reader-text">A Chinese brand is considering entering Formula 1 with its own team</span></a></div>

Analysts have pointed out that China’s economic growth remains heavily dependent on exports and state investment, while household consumption remains limited due to relatively low wages, high housing costs, and a weak social protection system.<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/china-approves-plan-until-2030-focused-on-technology-and-domestic-consumption/" class="more-link"> […] <span class="screen-reader-text">China approves plan until 2030 focused on technology and domestic consumption</span></a></div>