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.