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China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic

beijingwalker

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China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic
PUBLISHED SUN, JAN 24 20213:22 PM EST


KEY POINTS
  • China brought in $163 billion in inflows last year, compared to $134 billion attracted by the U.S., the United Nations Conference on Trade and Development wrote in a report released on Sunday.
  • In 2019, the U.S. received $251 billion in inflows and China received $140 billion.
  • Overall, the report found that foreign direct investment tanked globally, as the Covid-19 pandemic brought countries large and small to virtual stand-stills.

Employees work on the production line of WEY Tank 300 SUV at a factory of Great Wall Motors on January 19, 2021 in Chongqing, China.
VCG | Visual China Group | Getty Images


The Chinese economy brought in more foreign direct investment than any other country last year, knocking the United States from its perch atop the list.

China brought in $163 billion in inflows last year, compared to $134 billion attracted by the U.S., the United Nations Conference on Trade and Development wrote in a report released on Sunday. In 2019, the U.S. received $251 billion in inflows and China received $140 billion.




Overall, the report found that foreign direct investment tanked globally, as the Covid-19 pandemic brought countries large and small to virtual stand-stills.

FDI plunged 42% in 2020, to $859 billion, a 30% drop from even the depths of the 2009 financial crisis. The economic measure accounts for investments in a country made by people and businesses in other countries, such as the construction of a factory or the opening of a satellite office.

Developed countries were hit harder last year than so-called “developing” countries. Investment in the U.S. fell 49%, slightly less than the developed country average of 69%.

FDI in developing countries fell a comparatively moderate 12%. China, included on that list, actually saw a small increase of 4% in its inflows.

The European Union saw FDI decline by two-thirds, according to the report, with the United Kingdom seeing no new inflows. The U.K. has been particularly hard hit by the coronavirus.

China managed to largely get coronavirus under control within its borders last year, despite being the first nation to be hit with the deadly disease.

Strict lock down measures, early mass testing and an abundance of personal protective equipment have been credited for the country’s relatively low death toll.

Since the start of the pandemic, China has had fewer than 100,000 confirmed Covid-19 cases and suffered about 4,800 deaths from the disease, according to Johns Hopkins University data.

The U.S., which has a much smaller population, has had nearly 25 million cases and more than 400,000 deaths.

Despite China surpassing the U.S. in the flow of foreign direct investment in 2020, the total stock of foreign investment remains much larger in the U.S. than in China, according to data compiled by the Organization for Economic Cooperation and Development.

Other economic data have also suggested that China has borne the brunt of the pandemic more nimbly than its peers. Beijing reported 2020 GDP growth of 2.3% earlier this month, and is expected to be the only major economy to report a positive annual growth rate.

The United Nations report comes one day before China’s President Xi Jinping will deliver an address at a virtual gathering of the World Economic Forum. President Joe Biden is not expected to attend the event.



 

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Indos

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I'd like to see how much Indonesia, Thailand and Vietnam received last year. Any news?
Thailand has some problem with their FDI as more Investment going out. I think FDI in ASEAN region nowadays is more about competition between Indonesia, Vietnam, and Philippine. Philippine still get 24 % FDI increase last year despite high infection rate and lock down measure. Singapore FDI is more about financial that later get absorbed by ASEAN and China.

Thailand FDI data

1611530874867.png


 
Last edited:
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Meanwhile, ... ... from Murica to Europe ... ...

The Western Fake Freedom & Backward DemoCrazy
governments * ( 5 eyes nations ) have proven to FAIL
... time and time again.

~ UPDATE: ... ...

Meanwhile, on the Land of the very STUPID n DESTRUCTIVE Freedom, ... ...

As of this minute, the Murican USA already has 464,445 COVID deaths and the death numbers are growing astronomically every day.

The undeniable Scientific fact has shown that the COVID viruses were originated and fabricated in Fort Derrick Lab, Maryland, USA on APR 2018.

ProoF: ~ Go read the LANCET & NATURE journal.
 

Indos

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I'd like to see how much Indonesia, Thailand and Vietnam received last year. Any news?
FDI is down but our domestic investment is up. Domestic investment is a bit higher than FDI in 2020. Overall investment realization in Indonesia is up about 2 percent

PMDN (Domestic Investment) PMA (FDI)

1611606436932.png



@Viet Bro, how is your total investment realization in 2020, is it up or down compared to 2019 ?
 

TaiShang

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FDI is down but our domestic investment is up. Domestic investment is a bit higher than FDI in 2020. Overall investment realization in Indonesia is up about 2 percent

PMDN (Domestic Investment) PMA (FDI)

View attachment 710551


@Viet Bro, how is your total investment realization in 2020, is it up or down compared to 2019 ?
I think FDI was slightly down, or neutral in VN in 2020. Still a success.
 

Indos

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I think FDI was slightly down, or neutral in VN in 2020. Still a success.
Vietnam FDI was down 10 percent last year, but I want to see overall investment realization for both FDI and domestic investment, is it up or down compared to 2019 ?
 

TaiShang

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Vietnam FDI was down 10 percent last year, but I want to see overall investment realization for both FDI and domestic investment, is it up or down compared to 2019 ?
This is as of September of last year on y-o-y basis.

Looks like FDI realization in 2020 was about 80% of 2019.

***

The pandemic certainly had a dampening effect on Vietnam’s previously record-breaking FDI growth rates. As of September 2020, foreign investment projects disbursed US$13.76 billion, which is equivalent to 96.8 percent over the same period last year.

As of September 2020, the whole country attracted US$21.20 billion or 81.1 percent compared to the same period last year of total newly registered capital, adjusted capital, and capital contribution or share purchase from foreign investors.


 

Viet

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FDI is down but our domestic investment is up. Domestic investment is a bit higher than FDI in 2020. Overall investment realization in Indonesia is up about 2 percent

PMDN (Domestic Investment) PMA (FDI)

View attachment 710551


@Viet Bro, how is your total investment realization in 2020, is it up or down compared to 2019 ?
Yes Vietnam Fdi is down 20 pct I believe
2020 was a terrible year.
 

Mista

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Just click the link provided by the news.

View attachment 710269
Thailand has some problem with their FDI as more Investment going out. I think FDI in ASEAN region nowadays is more about competition between Indonesia, Vietnam, and Philippine. Philippine still get 24 % FDI increase last year despite high infection rate and lock down measure. Singapore FDI is more about financial that later get absorbed by ASEAN and China.

Thailand FDI data

View attachment 710272

Yep. We usually use fixed-asset investment as a measurement instead as it's a more accurate indication of the tangible benefits brought to our economy. Last year we actually drew a 12-year high in FAI.

1611751053393.png


 

Globenim

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I guess we wont hear any American "American imperialism has failed" or "Why America must embrace communism" articles echoed by every "indipendent" American state propaganda mouthpiece trying to politicize this?
 

TaiShang

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Another "Overtaking" thread.

But but but - "we never wanted to be anything. It is just happening naturally & as per divine orders."

Obsession has certainly crossed the borders of insanity.
It is indeed a natural progress of history. A correction, to be exact.

History does not make man, man makes history.

Good to know that history did not end.
 

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