China becomes largest recipient of FDI in H1

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2018-10-24

GENEVA,(Xinhua)--Chinabecomesthelargestrecipientofforeigndirectinvestment(FDI)inthefirsthalfof2018,,accordingtothelatestinvestmenttrendsmonitorpublishedonMondaybytheUnitedNationsConferenceonTradeandDevelopment(UNCTAD).AccordingtotheUNCTAD,globalFDIfellby41percentduringtheperiod,toanestimated470billiondollars,from794billiondollarsinthesameperiodin2017,mainlyduetolargereparationsbytheUnitedStatesparentcompaniesofaccumulatedforeignearningsfromtheiraffiliatesabroadfollowingtaxreforms"ThebigpictureofglobalFDIflowsremainsgloomywhichisabitdifferenttowhatweforecastearlier,"saidJamesZhan,directoroftheUNCTADsDivisiononInvestmentandEnterprise,,Zhannotedthat"theinvestmentflowstoChinacontinuetoincreasedespitemountingtradetension,andincreasingcostofproduction".ChinaemergedasthelargestglobalFDIrecipient,withanincreaseof6percent,followedbytheUK,liftinginflowsto66billiondollars,andtheUnitedStates,46billiondollars.▓。