China replaces USA as largest recipient of foreign investments | 01/25/21


BEIJING (dpa-AFX) – In the Corona crisis, China replaced the USA as the largest recipient of foreign direct investments (FDI). According to a Monday report by the UN Organization for Trade and Development (Unctad) in Geneva, foreign direct investment in the United States plummeted by 49 percent year-on-year to an estimated 134 billion US dollars. In contrast, the number in China rose by four percent to 163 billion US dollars.

Globally, FDI fell 42 percent to $ 859 billion in 2020.  The  decline was mainly concentrated in the developed countries, which had to accept a minus of 69 percent. ©

 The  US has been number one in the statistics for decades. China’s rise to the top and its economic growth of 2.3 percent in 2020 as the only major economic nation demonstrate the strengthened position of the second largest economy in the world.

Since the summer, the most populous country had the corona virus largely under control, only had to accept more individual local outbreaks in the past few weeks. But life and economic activity have normalized. ©

 The  first infections with the Sars-CoV-2 virus were discovered a good year ago in Wuhan in central China. Since then, according to official statistics, almost 100 million people have been infected worldwide. More than 2.1 million died as a result./lw/DP/jha

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China replaces USA largest recipient foreign investments


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