China becomes world’s largest Foreign Direct Investment (FDI) recipient

China now world’s largest Foreign Direct Investment (FDI) recipient.

China has exceeded the United States of America (USA) to become the world’s largest recipient of Foreign Direct Investment (FDI) in the first six months of 2012, according to a report released by the UN Conference on Trade and Development (UNCTAD).

It’s mainly due to a 39.2% fall in FDI flows to the US, compared to a three percent decline in China, said Zhan Xiaoning, director of UNCTAD Division on Investment and Enterprise.

However, early indications show that FDI flows to the US might be stronger in the second half of 2012, he said.

Zhan said China had claimed the world’s top destination for FDI in 2003.

In the first six months of the year, China attracted $59.1 billion in FDI while the US attracted $57.4 billion, according to the latest Global Investment Trends Monitor.

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