Feb 1 2015
TEHRAN (FNA)- China was the world's largest recipient of foreign direct investment (FDI) in 2014, overtaking the US for the first time since 2003.
The United Nations Conference of Trade and Development (Unctad) revealed that estimated FDI inflows to China increased by 3 percent to $128bn (£85bn, €113bn) in 2014, while the US saw its FDI declining to $86bn – almost of a third of its 2013 level, IBT reported.
Cross-border M&A sales in the US declined from $60bn in 2013 to just $10bn in 2014, primarily due to the Verizon-Vodafone deal, the UN body responsible for international trade said.
The China-administered region of Hong Kong received $111bn of foreign investment – the second-largest in 2014.
Singapore and Brazil came fourth and fifth, with FDI flows of $81bn and $62bn, respectively. The UK came sixth with $61bn of foreign investment.