Reference News Network reported on May 4, according to a Reuters report in Paris on April 30. According to data released by the Organization for Economic Cooperation and Development on April 30, local time, global foreign direct investment (FDI) fell to a 15-year low last year. As one of the few major economies that maintain growth, China has replaced the United States as the world's largest investment destination.
According to the report, OECD data show that as the new crown epidemic has caused severe damage to the global economy, global FDI flows in 2020 will drop by 38% to 846 billion U.S. dollars, the lowest level since 2005.
The report pointed out that FDI only accounted for 1% of global GDP last year, which is the lowest level since 1999.
According to the OECD, the recovery of cross-border M&A activities in the second half of 2020 and so far this year may promote a rebound in FDI in 2021.
According to reports, China surpassed the United States as the largest destination for foreign investment last year, and many economic sectors in the United States were closed due to the epidemic.