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Multilateralism, green economy focus of first-day virtual Davos Agenda meeting

China largest FDI recipient in 2020, followed by US — UNCTAD report – Manila Bulletin

Published January 26, 2021, 8:00 AM Global foreign direct investment (FDI) plunged by 42 percent in 2020 while China bucked the trend by becoming the world’s top recipient of investment flows. “A return to positive gross domestic product growth and the government’s targeted investment facilitation program helped stabilize investment after the early lockdown,” said James Zhan, UNCTAD’s director of investment and enterprise. A child views a light show at the Bund in Shanghai, east China, Nov. 4, 2020. (Xinhua / Zhang Yuwei) GENEVA, Jan. 24 (Xinhua) Global foreign direct investment (FDI) plunged by 42 percent in 2020, a new report by the United Nations Conference on Trade and Development (UNCTAD) showed on Sunday, while China bucked the trend becoming the world’s top recipient of investment flows.

President Xi calls for multilateralism to light up way forward amid pandemic, recession - China News

2021-01-26 03:16:04 GMT2021-01-26 11:16:04(Beijing Time) Xinhua English   Chinese President Xi Jinping attends the World Economic Forum (WEF) Virtual Event of the Davos Agenda and delivers a special address via video link in Beijing, capital of China, Jan. 25, 2021. (Xinhua/Li Xueren) BEIJING, Jan. 25 (Xinhua) Chinese President Xi Jinping on Monday expounded on China s stance over how to improve multilateralism against the backdrop of the COVID-19 pandemic and world economic recession, when attending his first international virtual gathering in 2021. Every choice and move we make today will shape the world of the future, said Xi in his special address at the World Economic Forum (WEF) Virtual Event of the Davos Agenda.

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