Global foreign direct investment halved amid pandemic, but China remained resilient


Source: globaldiasporanews.com globaldiasporanews.com

Key Topics in this News Article:

News Snapshot:

FDI includes cross-border mergers and acquisitions, international project finance, and corporate investments in new “greenfield” projects abroad, and it can be an indicator of the growth of the corporate supply chains that play an important role in world trade. Worse than expected James Zhan, the director of UNCTAD’s Division on Investment and Enterprise, said the slump in FDI flows in the first half of the year was more drastic than expected. “This was due to the lockdowns around the world, which slowed existing investment projects, and the prospects for deeper recession which led the multinationals to reassess new projects. And...