Global investors enthusiasm for the Chinese market seems unstoppable despite the COVID-19 pandemic, as the latest data showed that China successfully navigated the economic fallout in the turbulent year and became the top investment destination worldwide.
In 2020, global foreign direct investment (FDI) flows plummeted by 38 percent from a year before to 846 billion U.S. dollars, the lowest level since 2005, the Organization for Economic Cooperation and Development (OECD) said.
The global FDI flows represented only 1 percent of world GDP, their lowest level since 1999, the OECD said.
OECD s FDI figures echoed a report by the United Nations Conference on Trade and Development earlier this year, which also found China became the largest FDI recipient in 2020.
Global investors flock to China amid improved business environment ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.
Posted on April 27, 2021
UNDP and CCIEE Launch New Report to Help Countries Meet Climate Targets
Photo: UNDP China / Stephen Shaver / Bloomberg News
Beijing – The United Nations Development Programme (UNDP) China and China Centre for International Economic Exchanges (CCIEE) have released the report entitled
The report discusses key challenges and opportunities in green development, along with practical policy recommendations with the aim of meeting the Sustainable Development Goals, to end poverty and protect our planet.
“Shifting to a low carbon path will require developing, deploying and transferring clean energy technologies at scale through broad international and interregional energy cooperation,” said Beate Trankmann, UNDP Resident Representative in China.
People’s Bank of China: a guide to China’s interest rates
Rebecca Cattlin April 28, 2021 10:26 AM
The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets. Share:
What is the central bank of China?
The central bank of China is called the People’s Bank of China or PBOC. It’s the body in charge of setting monetary policy – including setting interest rates – and regulating financial institutions in mainland China.
The PBOC is known as the most financially resourceful bank in the world, but as of 2020, it only has the fourth-largest total asset holding of any central bank, totalling $5.9 trillion in 2020 – the other largest being the ECB ($8.9 trillion), the Fed ($7.6 trillion) and BOJ ($6.6 tri
Source: United Nations Development Programme 2
Beijing – The United Nations Development Programme (UNDP) China and China Centre for International Economic Exchanges (CCIEE) have released the report entitled
The report discusses key challenges and opportunities in green development, along with practical policy recommendations with the aim of meeting the Sustainable Development Goals, to end poverty and protect our planet.
“Shifting to a low carbon path will require developing, deploying and transferring clean energy technologies at scale through broad international and interregional energy cooperation,” said Beate Trankmann, UNDP Resident Representative in China.
The report provides three key pathways to facilitate low-carbon development within China and globally: firstly, boosting innovation, development and transfer of clean energy; secondly, channeling investment and funding towards low-carbon projects; and thirdly, strengthening human resource and institutional capaciti