China overtakes US as the world's top destination for new foreign direct investment

Monday, 25 January 2021 - 11:55

China+overtakes+US+as+the+world%27s+top+destination+for+new+foreign+direct+investment
China has overtaken the US as the world's top destination for new foreign direct investment, according to UN figures released on Sunday.

New investments into America from overseas companies fell by almost half last year, leading to the loss of its number one status.

In contrast, UN figures show direct investment into Chinese firms climbed 4%, putting it number one globally.

China had $163bn in inflows last year, compared to $134bn attracted by the US, the United Nations Conference on Trade and Development (UNCTAD) said in its report

In 2019, the US received $251bn in new foreign direct investment while China received $140bn.


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