FDI into China rose 4% last year, topped the world, says UNCTAD

Skyscrapers border a lush green landscape in Shenzhen's central business district. -Photo provided to chinadaily.com.cn

NEW YORK, Jan 25 (China Daily/ANN): China was the world's largest recipient of foreign direct investment (FDI) in 2020, as flows rose by 4 percent to $163 billion, followed by the United States, a report by the United Nations Conference on Trade and Development (UNCTAD) showed Sunday.

While the news was good for China, overall global FDI dropped by 42 percent last year, and the outlook remains weak, the report said.