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UN report forecasts drop in 2016 FDI

CCTV.com

09-09-2016 04:13 BJT

The United Nations Conference on Trade and Development released the Chinese edition of its 2016 World Investment Report at the International Investment Forum in Xiamen on Thursday.

The report says global foreign direct investment increased almost 40 percent to 1.76 trillion U.S. dollars last year. That was its highest level since the 2008 financial crisis. The report forecasts that worldwide FDI would drop 10 to 15 percent this year before moderately recovering in 2017.

"According to the survey we took of the CEOs of one thousand largest multinational companies, 43 percent of them are considering increasing their investments. Meanwhile, some of them are holding a wait-and-see attitude," said Zhan Xiaoning, director of Division on Investment % Enterprise, UNCTAD.

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