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• • • • Decline in FDI after the global financial crisis: -35% Capex decline of top 5000 MNEs post global financial crisis: -20% Capex decline in China, first 2 months 2020: -25% MNE earnings revisions in China: -21% Average revisions developed countries: -35% Announced cross-border M&As Q1 2020: -70% Average dependence of FDI on reinvested earnings: >50%
