UN trade body says global FDI halved in H1, flows to China 'relatively resilient'

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] GENEVA – The United Nations Conference on Trade and Development on Tuesday said global foreign direct investment dropped by nearly half in the first six months of the year, with the biggest declines in Europe and the United States, warning of a highly uncertain outlook depending on the duration of the pandemic and the effectiveness of policy interventions. In its latest Global Investment Trends Monitor, the Geneva-based UN trade and development body said that global FDI flows in the first…