For First Time, China Overtook US in FDI Last Year

choi

Last night I published "Fish Do Not Have Seminal Vesicles 储精囊, but Testes Only (Mostly),"

In Note(2)(a), I make additions today. The additions are italic below.

"(a) monotreme
https://en.wikipedia.org/wiki/Monotreme
("Like reptiles, monotremes have a single cloaca. Marsupials have a separate genital tract, whereas most placental mammalian females have separate openings for reproduction (the vagina), urination (the urethra), and defecation (the anus). In monotremes [as in reptiles], only semen passes through the penis [while penetrating a female's cloaca (vagina absent)] while urine is excreted through the male's cloaca")

In monotremes, fertilized eggs in the shell exit the body via a cloaca.  (Parenthetically, duck, goose and ostriches have penis. Most other birds -- including chicken, quail, hawk and bald eagle -- do not; during copulation, opposite sexes of these birds rub cloacae -- cloaca is Latin, from Ancient Greek.)"


=========================Feb 4
Note:
(a) United Nations Conference on Trade and Development
https://en.wikipedia.org/wiki/Un ... ade_and_Development
("was established in 1964 as a permanent intergovernmental body.  UNCTAD is the part of the United Nations Secretariat dealing with trade, investment, and development issues"/ table: Headquarters  Geneva, Switzerland, Head  Secretary-General Mukhisa Kituyi [from Kenta; 2013-February 2021 :he stepped down for his presidential ambitions": Wikipedia)
(b) foreign direct investment
https://en.wikipedia.org/wiki/Foreign_direct_investment
(a controlling ownership; distinguished from foreign portfolio investment)
(c) rhodium
https://en.wikipedia.org/wiki/Rhodium
(d) There is no  need to read the rest of (1).


(1) Paul Hannon and Eun-Young Jeong, China Tops US in Luring Foreign Business; Country's resilience in face of pandemic pays off as other nations' economies struggled. Wall Street Journal, Jan 25, 2021 (front-page top report)
https://www.wsj.com/articles/chi ... estment-11611511200
https://www.morningstar.com/news ... vestment-2nd-update

(a) Excerpt in the window of print: In China, the flow of foreign investment continued despite the pandemic.

(b) Quote:

(i) "China overtook the US as the world's top destination for new foreign direct investment [FDI] last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of the global economy.

"New investments by overseas businesses into the US, which for decades held the No 1 spot, fell 49% in 2020, according to UN figures released Sunday [Jan 24], as the country struggled to curb the spread of the new coronavirus and economic output slumped.

"China, long ranked No 2, saw direct investments by foreign companies climb 4%, the United Nations Conference on Trade and Development said. * * *

(ii) "Foreign investment in the US peaked in 2016 at $472 billion, when foreign investment in China was $134 billion. Since then, investment in China has continued to rise, while in the U.S. it has fallen each year since 2017.

"The Trump administration * * * put Chinese investors on notice that acquisitions in the US would face new scrutiny on national security grounds -- cooling Chinese interest [and hence investment] in American deal making.

(iii) " * * * Looking ahead, he [Daniel Rosen, founding partner of Rhodium Group, an independent research firm in New York] said, 'There is no reason to be concerned about the outlook for the FDI in the United States providing that the US is sticking with its basic open-market competitive system.'

"Foreign direct investment captures things like foreign companies' building new factories or expanding existing operations in a country or their acquisitions of local companies.

(iv) "The Unctad [or UNCTAD] numbers show a stark divide between East and West in the global economy. In 2020, East Asia attracted a third of all foreign investment globally, its largest share since records began in the 1980s. India saw a 13% increase, driven largely by rising demand for digital services.

"In the West, the European Union suffered a 71% drop. The UK and Italy, which have suffered high mortality rates and deep economic contractions, attracted no new investment [another way to say it is 100 % drop, as in Figure 3 of (2) next]. Germany, which has fared better on both counts, saw a 61% drop.

(2) Global FDI Flows Down 42% in 2020; Further weakness expected in 2021, risking sustainable recovery. UNCTAD, Jan 24, 2020 (part of "Investment Trends Monitor")
https://unctad.org/system/files/ ... eiainf2021d1_en.pdf
(text just before Figure 3: "Looking at top FDI host economies [top ten BEFORE pandemic], China became the largest recipient, attracting an estimated $163 billion in inflows, followed by the United States with $134 billion")