China replaces the U.S. to be the world’s largest recipient of foreign investment in the first half of 2012 despite a decline in Foreign Direct Investment (FDI) inflows, according to the Global Investment Trends Monitor released at Thursday’s UN Conference on Trade and Development....
Global foreign direct investment inflows reached US$668 billion in the first half of 2012, a decline of 8 per cent compared with the same period of 2011, according to the report.
The decline in global FDI inflows was due to increased uncertainty in the global economy, marked by fears of an exacerbation of the sovereign debt crisis in Europe and a slowdown of growth in major emerging market economies, the report explained.
The US$61 billion fall was mainly caused by a decline of US$37 billion in inflows to the United States and a US$23 billion fall in inflows to BRIC countries – Brazil, Russian Federation, India and China.Caijing
China Replaces U.S. to Be World’s Largest Investment Recipient in First Half of 2012