China was largest recipient of FDI in 2020 — UNCTAD report

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Mon, 2021-01-25 05:02

China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows.
China’s $163 billion in inflows last year, compared to $134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday.
In 2019, the United States had received $251 billion in inflows and China received $140 billion.

In this Jan. 25, 2020, file photo, an ambulance drives across a nearly empty bridge in Wuhan, China, after the city was placed under a 76-day lockdown amid a rising COVID-19 outbreak. China managed to place the contagion under control early while other countries continue to suffer from the pandemic one year after. (Chinatopix via AP, File)
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