/ world today news/ In addition to China, there was also a jump in foreign direct investment in India in 2020 – by 13%.
UN figures show a global collapse in investment
In the European Union, the decline is by 2/3
China has overtaken the US as the top recipient of foreign direct investment. UN figures showthe BBC reported.
New investments in America by foreign companies fell by almost half last year (by 49%). At the same time, direct investment in Chinese companies rose 4% in 2020, ranking the country first and betraying its growing influence on the global economic stage.
In the year 163 billion dollars entered China and 134 billion dollars into the United States, according to the data presented by the United Nations Conference on Trade and Development. A year earlier, in 2019, the United States attracted $251 billion in foreign direct investment, and China attracted $140 billion.
Globally, the data show a 42% drop in new foreign investment in 2020, from $1.5 trillion in 2019 to $895 billion a year, which experts call a collapse. By the end of 2020, the volume of foreign direct investment was more than 30% lower than after the global financial crisis in 2009 and at the level of the 1990s.
In the EU, foreign direct investments fell by 2/3 – from 373 billion dollars in 2019 to 11 billion dollars.
Investments are expected to remain weak this year as well.
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