China in top five of global ODI table

Country now placed higher than Japan and the UK, UN body says

BEIJING - China climbed up the world rankings to fifth-largest outbound direct investor last year and there is still huge potential for a higher placing, the United Nations Conference on Trade and Development (UNCTAD) and economists said.

The World Investment Report released on Tuesday also said that China will continue to remain the top destination for foreign direct investment (FDI) over the next two years, despite growth in this sector declining over the last six months.