China’s outward foreign direct investment (ODI) grew to $153.71 billion in 2020, ranking first globally for the first time, a report showed Wednesday. The ODI growth rate went up by 12.3 percent year on year<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-tops-world-for-the-first-time-in-outward-foreign-direct-investment/" class="more-link"> […] <span class="screen-reader-text">China tops world for the first time in outward foreign direct investment</span></a></div>

Beijing has been urged to set a clear definition and scope for its enforcement of data security and transfer laws as it is vital for the operation of foreign businesses as well as China’s innovation<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-must-clarify-uncertainty-over-data-security-laws-allow-more-cross-border-transfers/" class="more-link"> […] <span class="screen-reader-text">China must clarify ‘uncertainty’ over data security laws, allow more cross-border transfers</span></a></div>

China will release crude oil from its reserves according to its needs, a foreign ministry spokesman said on Wednesday, November 24, adding that the country was in close communication with oil-producing and oil-consuming countries. The<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-says-it-will-release-oil-reserves-according-to-its-needs/" class="more-link"> […] <span class="screen-reader-text">China says it will release oil reserves according to its needs</span></a></div>

Chinese regulators have eased pressure on property developers by loosening credit controls and allowing more bond issuance in recent weeks in an effort to prevent the sector from collapsing. But analysts and government advisers say<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-eases-pressure-on-property-sector-but-reform-remains-priority/" class="more-link"> […] <span class="screen-reader-text">China Eases Pressure On Property Sector But Reform Remains Priority</span></a></div>

China’s banking and insurance regulator said on Wednesday that lenders should step up support to advanced manufacturers, self-reliant industries and supply chains. “Banks should resolutely cast away from the wrong idea of deviation from their<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-urges-more-banking-support-to-self-reliant-industries-supply-chains/" class="more-link"> […] <span class="screen-reader-text">China urges more banking support to self-reliant industries, supply chains</span></a></div>

With the economy facing “periodic, structural, and cyclical constraints” amid rising concerns over upcoming growth prospects, China could enter into a period of “quasi-stagflation”, a central bank adviser has warned. Liu Shijin, a member of<div class="excerpt-more"><a href="http://ccilc.pt/en/imprensa/china-facing-quasi-stagflation-risk-as-rising-factory-prices-increase-pressure-on-slowing-economy/" class="more-link"> […] <span class="screen-reader-text">China facing ‘quasi-stagflation’ risk as rising factory prices increase pressure on slowing economy</span></a></div>