China surpasses United States as largest recipient of FDI in 2020

25 Janvier, 2021, 10:14 | Auteur: Auguste Feret
  • India bucks global decline in FDI; grows 13% against world's 42% fall in 2020

Global foreign direct investment (FDI) plunged by 42 percent in 2020, a new report by the United Nations Conference on Trade and Development (UNCTAD) showed on Sunday, while China bucked the trend becoming the world's top recipient of investment flows. It was the lowest level since the 1990s and 30% below the investment trough that followed the 2008-09 global financial crisis.

The fall in FDI flows across developing regions was uneven, with (-) 37 per cent in Latin America and the Caribbean, (-) 18 per cent in Africa and (-) 4 per cent in developing countries in Asia. FDI to transition economies declined by 77% to $13 billion. It is the amount of foreign direct investment that fell globally in 2020, from $ 1.5 trillion in 2019 to $ 859 billion in 2020. The share of developing economies in global FDI reached 72 per cent - the highest share on record.

India and Turkey are attracting record numbers of deals in IT consulting and digital sectors, including e-commerce platforms, data processing services and digital payments.

In its latest Investment Trends Monitor, the Geneva-based United Nations trade and development body said that FDI fell sharply to an estimated 859 billion US dollars last year, from 1.5 trillion USA dollars in 2019, and warned of further weakness this year, putting a sustainable recovery from COVID-19 pandemic at risk.

The organization had projected a 5-10 pc FDI slide in 2021 in last year's World Investment Report.

In the Spanish case, the director of companies and investments at UNCDAT said that this was due to the fact that Spanish companies were bought by a large number of foreign competitors.

John concluded this year that "investors will be cautious", indicating that the gradual recovery of the indicator depends on factors such as vaccination campaigns, new waves of Govt-19, state crisis recovery plans and the current weak situation.

According to the report, the decline in FDI was concentrated in developed countries, where flows plummeted by 69% to an estimated $229 billion.

Trump's ex-White House press secretary plans to run for governor
The three are running to succeed current Governor Asa Hutchinson , a Republican who is unable to run next year due to term limits. Tim Griffin (R) and Attorney General Leslie Rutledge (R), both of whom have already said they will run.

World drug tycoon arrested in the Netherlands
While living in secret, however, he attended lavish parties and even lost $85 million at a casino in Macao in a single night. Tse Chi Lop has been likened to Mexico's El Chapo due to his crimes and the police tracked the drug lord for over a decade.

Only Six New County Cases Reported Friday
The far northeastern province of Heilongjiang reported another 29 cases, linked partly to an outbreak at a meat processing plant. As of Sunday, more than 417,000 people have died from Covid-19 in the United States , according to Johns Hopkins University .

China's high-tech industries saw an increase of 11 percent in 2020, and cross-border mergers and acquisitions (M&As) rose by 54 percent, mostly in information and communications technology (ICT) and pharmaceutical industries, the report said.

The biggest shocks on these indicators were felt in Africa in 2020, with a 63 per cent drop in greenfield announcements, while global project finance in the continent fell by 40 per cent.

Greenfield investment is a kind of FDI, in which the parent company creates a subsidiary in the host country and builds its operations from the ground up.

In the United States, the index fell 49% to $ 134 billion ($ 110 billion), hit by a drop in investments by key partners such as the United Kingdom, Germany and Japan. Cross-border M&A sales of U.S. assets to foreign investors fell by 41%, mostly in the primary sector.

Flows to Europe dried up completely, tumbling by two-thirds to minus 4 billion USA dollars, it noted. In the UK, FDI fell to zero, and declines were recorded in other major countries.

Looking ahead, UNCTAD warned that the global FDI trend is expected to remain weak this year.

"Greenfield project announcements in 2020, 35% lower than in 2019, do not bode well for new investment in industrial sectors in 2021", the report says. For developing countries, the prospects for 2021 are a major concern.

Although overall FDI flows in developing economies appear relatively resilient, greenfield announcements fell by 46 per cent and global project finance by 7 per cent.


  • Angers: Tout savoir sur Bordeaux

    Angers: Tout savoir sur Bordeaux

    Au Matmut Atlantique, les Marines et Blancs vont jouer le match Bordeaux - Angers SCO. Les Girondins de Bordeaux ont très bien démarré la rencontre.
    Plane crash kills president, 4 players from Brazilian soccer club Palmas

    Plane crash kills president, 4 players from Brazilian soccer club Palmas

    The Brazilian soccer club Palmas lost four players and its president to a plane crash on Sunday. Palmas Futebol e Regatas was founded in 1997 and plays in Brazil's fourth division.
    Trump tried to block Biden's win by firing Acting AG

    Trump tried to block Biden's win by firing Acting AG

    In that New York Times report that published Saturday, Perry was identified as the person who introduced Trump to a senior U.S. Trump: The department had investigated voting irregularities and found no evidence of widespread fraud.
  • UK's COVID-19 variant is more deadlier than the original one?

    UK's COVID-19 variant is more deadlier than the original one?

    Ian Jones, professor of Virology at the University of Reading, said "the data is limited and the conclusions preliminary". Pubs, restaurants, entertainment venues and many shops are closed, and people are required to stay largely at home.
    Trump coronavirus adviser says some saw it as 'hoax'

    Trump coronavirus adviser says some saw it as 'hoax'

    Deborah Birx made public appearances throughout 2020 as an advisor to the Trump Administration on pandemic response. When asked about President Joe Biden's executive orders on the pandemic, Birx said, "I was an N of 1".
    James Harden on Rockets exit: ‘I wasn’t disrespectful to anyone’

    James Harden on Rockets exit: ‘I wasn’t disrespectful to anyone’

    James Harden has finally been traded, solving a months-long dilemma for both Harden and the Houston Rockets . So that was great. "I think, for me, giving myself a chance is very, very important", Harden said .
  • Vaccinated people may still spread Covid: UK expert

    Vaccinated people may still spread Covid: UK expert

    Both the Pfizer-BioNTech and Oxford-AstraZeneca vaccines require two doses, and figures so far reflect those given the first dose. Van-Tam said that the immune response is "only fully trained up around two or three weeks after you have each of your two jabs".
    Capitals beat Sabres in shootout despite Alex Ovechkin sitting out

    Capitals beat Sabres in shootout despite Alex Ovechkin sitting out

    In the second period, the Capitals extended their lead with a goal from Nick Dowd, but the Sabres tied it right back up. This brings up a lot of questions heading into Sunday's rematch and the future of the Caps' season.
    L'argentin Gonzalo Montiel intéresse l'OL

    L'argentin Gonzalo Montiel intéresse l'OL

    Courtisés par l'AS Roma, Bologne, Villareal ou encore West Ham, les Gones sont favoris dans le dossier. Mais le club de Jean-Michel Aulas devrait prendre les devants, et proposer une offre à River Plate.
  • 'Happy 10 Years Old Friend!'

    'Happy 10 Years Old Friend!'

    Universal Music Publishing Group also celebrated the momentous occasion, noting some of its achievements in the past 10 years. In an "On this day" tweet , the entertainment giant said: Adele "graced the world with her iconic second studio album".
    Spinderella Blasts Salt-N-Pepa Lifetime Biopic

    Spinderella Blasts Salt-N-Pepa Lifetime Biopic

    Spinderella has filed a lawsuit against Salt-N-Pepa claiming she is owed millions in royalties and other damages. Fans of trailblazing female rappers Salt-N-Pepa can catch their new biopic tonight, January 23, at 8 p.m.
    United Kingdom  still

    United Kingdom still "long, long, long way off" lifting lockdown restrictions, Hancock says

    Delivering the latest vaccine news, Mr Hancock said 75% of all people aged 80 and over have now had their first coronavirus jab. We have got to watch the data".


Asos joins race for Topshop, Topman and Miss Selfridge
The demise of the empire comes after the collapse of retailers such as Cath Kidston, Oasis and Warehouse and Debenhams. Topshop is considered Arcadia's flagship brand, and a sale could fetch about £200 million.

With COVID-19 variant positives, Michigan pauses athletics
Michigan State on Thursday, at Rutgers on Feb. 1, at home against Minnesota on Feb. 4 and at home against Maryland on Feb. 7. Games with IN (1/30), Northwestern (2/3), and MSU (2/6), would also presumably be postponed due to the shutdown.

NASA, SpaceX Send Four Astronauts to International Space Station
Earlier this evening (Sunday, November 15th, 2020), NASA and SpaceX achieved another historical milestone . Crew Dragon capsule C207 prepares for SpaceX's operational astronaut launch debut, November 8th.

Lyon en balade à Saint-Étienne avant de recevoir les Girondins
Une soirée très agréable pour l'attaquant, qui avait d'ailleurs débuté avant la rencontre. Marcelo et Kadewere ont notamment signé un doublé chacun.

UFC 257: Picking the victor of McGregor-Poirier 2
Poirier's tight stance is a tie-in to McGregor's wide southpaw stance and the fight will play out on the feet. It is a coincidence or not but UFC 257 features Khabib's biggest foe, Conor McGregor , in the main event .

La nouvelle sortie de Grenier sur son avenir — Rennes
Il s'était déjà montré particulièrement accédé à la 40e minute, après avoir été averti... "L'agacement n'est pas sur notre match". C'est un peu décevant mais il ne faut pas s'arrêter là-dessus " a accusé l'ancien Lyonnais.

Australia approves Pfizer vaccine, first jabs expected late February
Greg Hunt, the minister for health, said that the TGA had "placed safety above all else" during the approval process. Australia expects to have the capacity to produce the AstraZeneca vaccine onshore starting late March.

SpaceX Prepares for First Attempt of Starship SN8's High-Altitude Flight Test
As for the "RUD" that Musk referred to: he is talking about the explosion, or "Rapid Unscheduled Disassembly". The self-guided rocket blew up as it touched down on a landing pad following a controlled descent.

Liga : l'Atlético s'en sort contre Eibar grâce à Luis Suarez
Joao Felix a égalisé (1-1, 23e) avant que Luis Suarez , pour son 34e anniversaire, ne donne l'avance aux Madrilènes (2-1, 54e). L'Atlético de Madrid a pris ses aises aux commandes de la Liga ce jeudi à la faveur d'une victoire sur Eibar (1-2).

Republican congressman played a role in Trump's campaign to fight election loss
Ultimately, senior Department of Justice officials on a conference call agreed that if Rosen was replaced, they would all resign. The school, of course, is named after Joe Biden , the man whose presidency the Times report claims Trump wanted Clark to derail.