Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China becomes largest recipient of FDI in H1

Xinhua | Updated: 2018-10-16 03:02

GENEVA -- China becomes the largest recipient of foreign direct investment (FDI) in the first half of 2018, attracting an estimated $70 billion in inflows, according to the latest investment trends monitor published on Monday by the United Nations Conference on Trade and Development (UNCTAD).

According to the UNCTAD, global FDI fell by 41 percent during the period, to an estimated $470 billion, from $794 billion in the same period in 2017, mainly due to large reparations by the United States parent companies of accumulated foreign earnings from their affiliates abroad following tax reforms

"The big picture of global FDI flows remains gloomy which is a bit different to what we forecast earlier," said James Zhan, director of the UNCTAD's Division on Investment and Enterprise, during a press conference in Geneva.

However, Zhan noted that "the investment flows to China continue to increase despite mounting trade tension, and increasing cost of production".

China emerged as the largest global FDI recipient, with an increase of 6 percent, followed by the UK, lifting inflows to $66 billion, and the United States, $46 billion.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US