News Snapshot:
Jan 26, 2021 Thanks To COVID-19, China Is Now The World Leader For Foreign Direct Investment China is now the world’s “top destination” for foreign direct investment (“FDI”). FDI captures things like foreign companies building infrastructure and making acquisitions of local companies. The shift came as a result of – wait for it – the Covid-19 pandemic amplifying “an eastward shift in the center of gravity of the global economy” , according to the Wall Street Journal . New investments by overseas businesses into the U.S. fell 49% in 2020 as a result of the pandemic. China saw its direct...
