Phnom Penh (FN), Jun. 14 – In terms of GDP, the United States and China combine for a massive 43.2% share of the global economy.

It’s also interesting to note that America’s share of global GDP has actually been increasing in recent years, from a low of 21.1% in 2011. This is partly due to its relatively strong recovery from the COVID19 pandemic.

The US dominates when it comes to stock market valuation, accounting for 61% of the global total as of 29 February 2024.

The US and China are first and second in terms of cumulative FDI stock. Attracting FDI is one area where China has performed very strongly in recent years.

In 2012, China had attracted $950 billion in FDI, good enough for sixth place. As of 2022, China’s total had grown to $3.8 trillion, a testament to its attractiveness to global businesses, even in the face of regulatory challenges and geopolitical tensions.

This article was originally published on Voronoiapp.
=FRESH NEWS