On the 24th local time, the United Nations Conference on Trade and Development released the "Global Investment Trend Monitoring" report. The report pointed out that foreign direct investment inflows into the United Kingdom, Italy, Russia, Germany, Brazil and the United States have fallen sharply.
Zhan Xiaoning, Director of the Investment and Enterprise Division of the United Nations Conference on Trade and Development, said in an interview with a reporter from the Central Station that in 2020, China’s absorption of foreign capital will rise against the trend and surpass the United States to become the world’s largest foreign capital inflow country.
In 2020, foreign capital inflows into the United States fell by 49% to 134 billion U.S. dollars. The investment of multinational companies from the United Kingdom, Germany, and Japan fell the most in the United States.
Affected by the global epidemic and Brexit, foreign capital inflows into the UK fell from US$45 billion in 2019 to minus US$1.3 billion.
Zhan Xiaoning, Director of the Investment and Enterprise Division of the United Nations Conference on Trade and Development, said that foreign capital inflows into China has been growing steadily over the years. After the outbreak, China’s economy has taken the lead in recovering growth and has become a bright spot for attracting foreign investment. The Regional Comprehensive Economic Partnership Agreement (RCEP) and The EU-China Investment Agreement also boosted investor confidence.
In 2020, China successfully responded to the severe impact of the new crown epidemic. Against the background of a sharp decline in global cross-border direct investment, the absorption of foreign capital increased against the trend throughout the year.
According to UNCTAD estimates, China's actual use of foreign capital in 2020 will increase by 4% year-on-year to reach US$163 billion, and the scale of foreign capital inflows will hit a record high.
China's absorption of foreign capital in the world has increased substantially, reaching 19%.
Zhan Xiaoning pointed out that China's economy is the first to resume growth and thrive, becoming a bright spot in attracting foreign investment globally.
During the global epidemic, the high dependence on the industrial chain and supply chain of multinational companies in China has also maintained the stability and expansion of foreign investment in China.
The further opening of some industries has also promoted an increase in new investment.
The government has adopted effective investment facilitation measures to help stabilize investment.
(Headquarters reporter Zhu He)