News Snapshot:
Tue, Jan 26, 2021 page10 China overtook US in FDI, UN agency says Bloomberg China overtook the US as the largest recipient of foreign direct investment (FDI) last year, a year in which overall global flows cratered by 42 percent as a result of the COVID-19 pandemic, a UN trade agency said. Flows fell to an estimated US$859 billion from US$1.5 trillion in 2019, according to the UN Conference on Trade and Development’s (UNCTAD) Global Investment Trends Monitor report. It was the lowest level since the 1990s and 30 percent below the investment trough that followed the 2008-2009 global financial...
