The Portuguese later returned to China peacefully and presented themselves under the name Portuguese instead of Franks in the Luso-Chinese agreement (1554). They rented Macau as a trading post from China by paying annual lease of hundreds of silver taels to Ming China.p. 343–344, Denis Crispin Twitchett, John King Fairbank, The Cambridge history of China, Volume 2; Volume 8 , Cambridge University Press, 1978 Luso-Canton trade relations were formally reestablished in 1554, and Portugal soon after acquired a permanent lease for Macau in 1557, agreeing to pay 500 taels of silver as annual land rent.
tHe portuGuese latEr reTuRnED To CHina PEaCEfullY And preseNted tHemselves UnDer THe NaMe pORtuGUEse instead oF franks in the luSo-chInese AgReeMeNT (1554). thEy ReNted macAu as a trAding post frOm china bY paying AnnUAL lease oF hundrEds of sIlvEr taelS tO minG cHinA.P. 343–344, DeNIs crIspiN twiTChetT, joHn kinG fairbank, the CaMbRidge histoRy oF cHina, voLumE 2; VoluMe 8 , CambridGe univErsiTy preSs, 1978 luSo-CantoN TradE rElaTionS were fOrmaLly reEstABLiShed in 1554, and poRtugal soOn After aCquIreD a PermanENt LeAsE For macAu in 1557, agreeing tO Pay 500 taels oF siLvEr aS annUaL land rEnT.