ocal Chinese authorities have announced they would send a team of risk managers to China Evergrande Group as the troubled property giant said it intended to work with creditors on a plan for restructuring its<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/chinese-authorities-summon-evergrande-chairman-send-in-risk-managers/" class="more-link"> […] <span class="screen-reader-text">Chinese authorities summon Evergrande chairman, send in risk managers</span></a></div>

The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing overseas. Earlier on Thursday the US<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/china-app-giant-didi-plans-us-stock-market-exit-in-move-to-hong-kong/" class="more-link"> […] <span class="screen-reader-text">China app giant Didi plans US stock market exit in move to Hong Kong</span></a></div>

The European Commission unveiled on Wednesday a plan to invest 300 billion euros ($340 billion) globally by 2027 in infrastructure, digital and climate projects as a better alternative to China’s Belt and Road Initiative. The<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/eu-unveils-300-billion-euro-answer-to-chinas-belt-and-road/" class="more-link"> […] <span class="screen-reader-text">EU unveils 300 billion euro answer to China’s Belt and Road</span></a></div>

For the first time foreigners have a large enough position in renminbi-denominated securities to influence Chinese monetary policy. Foreign investment in China has historically focused on direct investment, and investment in portfolio assets was largely<div class="excerpt-more"><a href="https://ccilc.pt/en/imprensa/chinas-rising-vulnerability-to-foreign-investors/" class="more-link"> […] <span class="screen-reader-text">China’s rising vulnerability to foreign investors</span></a></div>

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="https://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="https://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>