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Each year, National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), two of the main political bodies of China meet for the annual “Two Sessions” in order to finalize the development plans for the country’s projections and policies for the next year in the realm of military, diplomacy, trade, environment, and other important sectors. Considered as one of the largest gathering of deputies of NPC and members of the CPPCC on the Chinese political calendar, the two sessions are what the world has put its eyes on to know more about China’s priorities and plans. Two sessions are important to increase not only national unity and cohesion amongst the length and breadth of China, help achieve country’s goals but also to reach out to global partners and reflect the steady development and engagement plans. This year’s meeting is happening at an important stage when the CPC is celebrating its 100 years of es
Asia leads the global economy out of 2020’s record FDI inflow slump
By Bob Savic, Advisor to Dezan Shira & Associates
The world economy experienced a precipitous -42% decline in global foreign direct investment (FDI), last year, according to UNCTAD. This setback particularly impacted developed economies with a yearly slide of -68%, being the steepest on record, and leaving FDI inflows at a quarter century low of US$229 billion in 2020. Asia’s overall FDI declines were comparatively less pronounced, while in China’s case, FDI inflows were not only positive, but actually grew faster than in 2019. Suffice it to say, Asia is currently leading the global economy with FDI inflows either picking up, at the beginning of 2021, or demonstrating convincing signs of a significant rise from last year’s negative growth patterns.
Foreign direct investment (FDI) flows to developing economies have shown relative resilience to the Covid-19 crisis, falling by just 12% in 2020 compared with the staggering 69% collapse recorded by richer economies, a report said.
Foreign direct investment (FDI) flows to developing economies have shown relative resilience to the Covid-19 crisis, falling by just 12% in 2020 compare