As the economic and trade relations between China and Portuguese-speaking countries become increasingly close，the pace of capacity cooperation between the two sides has gradually accelerated. This report mainly discusses the basis and prospect of production capacity cooperation between China and Portuguese-speaking countries. First of all，it sorts out the basic conditions for China-Portugal capacity cooperation from the aspects of factor endowment，industrial structure，trade and investment，Macao platform and industrial policy. Secondly，it analyzes the main characteristics of China-Portugal capacity cooperation from the aspects of capacity cooperation system，capacity cooperation layout，key field projects，capacity cooperation and exchange，and capacity cooperation platform. Thirdly，it summarizes the problems of China-Portugal capacity cooperation from the aspects of capacity cooperation level，capacity cooperation mode，capacity cooperation field，capacity cooperation infrastructure，and capacity cooperation risk prevention. Finally，it forecasts the development prospects of China-Portugal capacity cooperation from the aspects of technological innovation，“One Belt and One Road” major opportunity，multilevel value chain division，construction of Guangdong-Hong Kong-Macao Greater Bay Area，and overseas economic and trade cooperation.