Arab Today, arab today china top destination for foreign direct investment in 2014
Last Updated : GMT 20:45:47
Arab Today, arab today
Arab Today, arab today

China top destination for foreign direct investment in 2014

Arab Today, arab today

Arab Today, arab today China top destination for foreign direct investment in 2014

China was the top destination for foreign direct investment (FDI) in 2014
Geneva- QNA

China was the top destination for foreign direct investment (FDI) in 2014, according to a new United Nations report, despite concerns of the nation's economic slowdown. And the main engine of the economy is no longer manufacturing but the service sector.
The Chinese mainland is estimated to have attracted $128 billion of FDI in 2014, followed by Hong Kong with a $111 billion FDI, according the latest Global Investment Trends Monitor report released on Januqry 29 by the United Nations Conference on Trade and Development (UNCTAD).
"There's an increase of FDI into the services sector, and a slowdown of growth into manufacturing," James Zhan, director of UNCTAD's investment and enterprise division and lead author of the annual report, said. "Within manufacturing, investment into high tech is growing while labor intensive FDI has been declining." Foreign money's flow into the Chinese service sector grew 7.8 percent and constituted 55.4 percent of the overall FDI, according to the Ministry of Commerce. Meanwhile, foreign investment into capital-intensive industries dropped 12.3 percent last year and made up only 33.4 percent of the total FDI.
China's inbound FDI grew 1.7 percent last year, much slower than the 5.3 percent of 2013, suggesting a transition in the structure of the Chinese economy, according to the Ministry of Commerce. In 2013, Chinese inbound FDI dropped 3.7 percent, the first full year drop since 2009.
The fluctuations reflect the slowing-down of China's economic expansion and a transition of China's economic structure. China's GDP grew 7.4 percent in 2014, according to the National Bureau of Statistics.
The United States, which dropped from first place to the third, lost nearly half of its FDI from $159 billion in 2013 to $86 billion in 2014. It was mainly because of the Verizon-Vodafone deal, in which Verizon bought back from UK's Vodafone $130 billion worth of shares in a joint venture. Zhan expected the inbound FDI flow into the US would resurge in 2015.
The US government is stepping up efforts to lure more foreign investment. A second summit of SelectUSA, a US government program to promote and facilitate foreign investments in the country, is expected to be held in March.
The Chinese delegation is expected to continue to be the largest attending. At present, the US has in China about $50 billion of FDI stock (about 2 percent of China's total FDI), while China's FDI in the US is around $36 billion.
"FDI flows dropped 8 percent last year globally, because economic uncertainty and geopolitical risks including regional conflicts," said the report.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china top destination for foreign direct investment in 2014 Arab Today, arab today china top destination for foreign direct investment in 2014

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday