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China's Guangdong province and Massachusetts celebrated the 35th anniversary of their sister relationship with a pledge for an even closer partnership.

China's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully since last year.

China's big internet firms saw steady business revenue growth in the first five months of this year, with the stable market expansion of online gaming and video and music streaming apps.

China's centrally administered State-owned enterprises have either completed or made breakthroughs in a number of big-ticket projects in overseas markets in the fourth quarter of this year, thanks to their reliable supply chains and partner countries' better-than-expected performance in containing the COVID-19 pandemic and boosting the local economy, according to the country's State-asset regulator.

China will halt and prohibit all business-oriented land reclamation activities and abolish local governments' authority over the matter in the strictest-ever control over reclamation, according to the State Oceanic Administration.