China's FDI volume grew by three percent in 2014 to $128 billion, while the United States dropped to $86 billion, a fall of almost a third since 2013. The decrease of US FDI volume is due, in part, to share buybacks from UK Vodafone by the US telecommunications company Verizon, the report suggested.
China's economy has posted annual GDP growth reaching 7.7 percent in 2010-2014, according to the World Bank.
FDI in the European Union rose 13 percent while Russia, as a result of poor economic outlook, dropped to $19 billion, a 70 percent decrease, UNCTAD said.
UNCTAD is a United Nations institution researching global economy and promoting dialogue between countries on economy and development issues. UNCTAD currently has 194 member states.