Financial Capital Market in China _ Part 1
China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic
China was ranked No.1 with FDI of $163 billion in 2020, according to the UN’s latest report on global investment, eclipsing the US, which attracted $134 billion.
Global FDI plunged 42 percent to an estimated $859 billion last year amid the pandemic, and it was more than 30 percent below the trough seen after the global financial crisis in 2009, a report by the UN Conference on Trade and Development (UNCTAD) said on Sunday.
China bucked the trend, with an increase of 4 percent from 2019, making it the world’s largest recipient. In 2019, the US received $251 billion in FDI inflows and China received $140 billion.