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Global investment is becoming less reliant on China: Citigroup Source:Island Says this will be ‘less friendly’ to global trade The global investment cycle is set to become less dependent on China and more broadly supported as countries around the world ramp up spending to offset coronavirus damages, Citigroup Inc. said. China alone contributed to 47% of global investment growth on average in the years from 2010 through 2019, and 33% of global GDP, Citigroup economists led by David Lubin wrote in a report. But that era of China-dependence will come to an end, they say, given the strong fiscal and monetary policy stimulus elsewhere. The contribution of advanced economies to global GDP will surpass that of emerging markets in 2021 for the first time since 2006, Citi estimates. ...