The Economist has an interesting article on foreign direct investment in the 1H of 2012. Investment this year trails last year. Foreign inflows declined by 8%. As shown in the Economist chart below, China is the largest recipient of foreign investment, and when combined with Hong Kong, China surpassed the U.S. in both 2011 and 2012. However, investment in China in 2012 trails 2011. Brazil is noteworthy in showing an increase year-on-year.