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NEW YORK, Jan 25 (China Daily/ANN) - China was the world's largest recipient of foreign direct investment (FDI) in 2020, as flows rose by 4 percent to $163 billion, followed by the United States, a report by the United Nations Conference on Trade and Development (UNCTAD) showed Sunday.
Synopsis The decline in FDI inflows was concentrated in developed countries, where fund flows fell by 69 per cent to an estimated $229 billion. The United States recorded a 49 per cent drop in FDI, falling to an estimated $134 billion. The decline took place in wholesale trade, financial services and manufacturing. NEW YORK: Foreign Direct Investment into India rose by 13 per cent in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the Covid-19 pandemic, India and China "bucked the tren...
(Bloomberg) -- China overtook the U.S. as the largest recipient of foreign direct investment in 2020, a year in which overall global flows cratered by 42% as a result of the coronavirus pandemic, a United Nations trade agency said.Flows fell to an estimated $859 billion from $1.5 trillion in 2019, according to the UNCTAD Investment Trends Monitor. It was the lowest level since the 1990s and 30% below the investment trough that followed the 2008-09 global financial crisis.While the world as a whole struggled, China held on, said UNCTAD, the United Nations Conference on Trade and Development. It...
UNCTAD's Secretary-General Mukhisa Kituyi informed the Secretary-General that he would resign from his position with effect from 15 February 2021. The...