UNCTAD: China Outpaces the U.S.
UNCTAD: China Outpaces the U.S.
If it is said that the current year belongs to Asia with China’s economic leadership, do believe it. A couple of days ago the United Nations Conference on Trade and Development (UNCTAD) announced that China attracted $163b of foreign direct investment (FDI) in 2020 while at the same time only $134b of FDI flowed into the U.S. economy.

UNCTAD: China Outpaces the U.S.


TEHRAN (Iran News) The latest UNCTAD report shows that China has outpaced the U.S. in 2020 in terms of receiving in flows in the world.

The U.S. economy as the largest and the oldest traditional destination for flight of foreign direct investment witnessed the attraction of $251b of FDI in 2019 while at the same time China could attract $140b of the FDI. These statistics show that in the past four years, former U.S. President Donald Trump has revealed the nature of the real U.S. culture and economy, and buried even seemingly attraction for enthusiast investors due to the imprudence. Even due to this relative transparency, the ground for the concerns of the global investors, who considered the dollar and the U.S. as the cradle of the capital security, grew day by day.

The statistics show that the Chinese had a winner hand in dealing with the domestic economy. Despite this point that China has saved over $3,000b of foreign reserves and this capital is able to be used in any country and lay the ground for transfer of significant economic growth in Asia, the country has not yet put aside its sluggish and slow pace move, and it is expected the country to put a 30-year plan for competing with the West, especially with the U.S. on its agenda for development and attracting the FDI.

For example, for better understanding of the feeling of investors disappointed with the U.S., it is good to know that the very last week, the American newspaper “The Washington Post” by publishing a report revealed the number of the false and misleading claims that were made by Trump during his four years in office and claimed the number of false claims was 3,0573 items. The daily launched the Fact Checker database to assess the president’s claims. The daily through this database assessed the accuracy of Trump’s false and misleading claims and made it public.”UNCTAD: China Outpaces the U.S.”

According to this report, Trump averaged about six claims a day in his first year as president, 16 claims day in his second year, 22 claims day in his third year — and 39 claims a day in his final year and , it took him 27 months to reach 10,000 claims according to the Fact Checker. But Trump’s false claims and lies grew significantly in the last five months in the office and the number of his false claims hit 10,000.

The Fact Checker of the Washington Post announced that Trump had made more than 2,500 coronavirus-related false claims. Trump was largely quiet for six days as he recovered from his own bout with covid-19. But after his recovery, Trump resumed making false claims. It is said he made an average of 150 claims”UNCTAD: China Outpaces the U.S.”

Therefore and according to this report as some kind of fact, one can realize that lack of interest by the well-to-do people and the sensitive nature of capital for entering the U.S. can be considered as the assessment of an honest trend of management in a country.

In Iran, unfortunately we are also struggling with inaccurate remarks from the officials in the executive branch of power. This issue in any country can be considered as the source of emergence of disappointment and frustration as well as killing the necessary vigor. UNCTAD considers these statistics in China as the liveliness of the economy and the art of management by the Chinese officials in winning global trust, and it acknowledges this fact that several facts and figures cause emergence of appetite and interest in a country for investment.”UNCTAD: China Outpaces the U.S.”

BY: Hamid Reza Naghashian