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Why the Chip Shortage Is So Hard to Overcome
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U S Growth Stirs Fears of New Taper Tantrum This Time May Be Different
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03/15/2021 08:00 AM EDT
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China has surpassed the US as the world’s leading recipient of new foreign direct investment (FDI), say Paul Hannon and Eun-Young Jeong in The Wall Street Journal. The US had held the FDI top spot “for decades” but last year saw inflows plunge by 49% amid the pandemic, while China’s advanced 4%.
FDI is a measure of direct business investment rather than financial market flows. For all the talk of decoupling and shifting supply chains, big multinationals are still ploughing money into the country, with Starbucks spending $150m on a coffee-roasting plant and AstraZeneca setting up a network of regional offices.
Wirtschaft: Im Virus-Windschatten verlagert sich Zentrum nach Asien
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