Africa: China to launch $1 billion fund for Portuguese-speaking countries

China will launch a $1 billion fund aimed at boosting trade and economic ties between China and Portuguese-speaking countries, Chinese Premier Wen Jiabao said Saturday at a forum in Macau. He did not elaborate. Wen, who delivered a keynote speech at a economic forum for China and Portuguese-speaking Portugal, Brazil, Angola, Cape Verde, Guinea Bissau, Mozambique, and Timor-Leste, announced multiple initiatives to boost trade and investment between China and the seven nations.