China was largest recipient of foreign direct investment in 2020

BEIJING (REUTERS) – 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 US$163 billion (S$216.5 billion) in inflows. China’s US$163 billion in inflows last year, compared to US$134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday (Jan 24). In 2019, the US had received US$251 billion in inflows and China received US$140 billion. China’s economy picked up speed in the fourth quarter ,…