Nope. The IMF
"FDI transactions and positions recorded in the
balance of payments are often unrelated to greenfield
investment or mergers and acquisitions, but rather
reflect tax and regulatory optimization strategies by
large multinational corporations"
"As noted in DNB (2019) and BCL (2019), these
transactions reflect mostly operations by US-based
multinationals seeking to simplify their international
group structure by liquidating intermediate holdings, also in relation to the US tax reform of 2017"