China remains top FDI destination
June 29, 2015 Category Foreign investment, Weekly
China remains at the top of the world’s 10 most attractive countries for foreign direct investment (FDI), even though last year’s global FDI dropped to the lowest level since the 2008 financial crisis, the United Nations Conference on Trade and Development (UNCTAD) said in a report. According to the organization’s World Investment Report 2015, 28% of the respondents chose China as their first choice for FDI. According to the UNCTAD, last year’s FDI into China was USD129 billion, up by 4% year-on-year. Investment increased in the service sector while falling in manufacturing. It was the first time that China surpassed the United States as the world’s largest FDI recipient. Outbound direct investment (ODI) is also increasing. ODI from the Chinese mainland reached USD116 billion last year, up 15%, to the third-largest amount after the U.S. and Hong Kong. Global FDI as a whole fell by 16% to USD1.23 trillion last year because of the fragility of the global economy, policy uncertainty for investors and elevated geopolitical risks. The UNCTAD predicted this year that total global FDI inflows may grow by 11% to USD1.4 trillion and further rise to USD1.5 trillion in 2016 and USD1.7 trillion in 2017.
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