Economy of Mozambique the second international fibre (EASSy) in 2010. The lower cost of bandwidth has already started to trickle down to lower consumer prices in some service segments, while others have remained unchanged. The banking system collapsed after independence from Portugal in 1975. From an earlier position (in the 1980s) of central government control of the economy, Mozambique has initiated rapid reforms in recent years, accelerating the implementation of market-based economic policies, and committing to a policy of fiscal and monetary discipline. In 1995 the government introduced its medium-term economic growth, strategy which it continues to pursue. Since the late 1990s, both
Ethnic Chinese in Mozambique colony had to pay a disembarkation fee of 3,000 "reals" at their port of arrival. Nevertheless, Chinese population continued to grow, to 287 by 1903. By 1928, there were 314 Chinese in Lourenço Marques alone, rising to 483 by 1935 and 570 by 1940. The vast majority started out in the carpentry trade, but soon moved into shopkeeping. They established five different community associations and a Chinese-language elementary school for their children. By the early 1970s, the eve of independence, there were 5,000 Chinese in Mozambique, with 2,000 in Lourenço Marques and another 3,000 in Beira. After Mozambique achieved independence