China became one of the few countries to attract more capital than the US in 2020, making it the top destination for foreign direct investment, while overall global flows dwindled by over 40 percent.
The Chinese economy pulled in $163 billion in inflows last year, marking a four percent year-on-year increase, according to the figures released by the UN Conference for Trade and Development (UNCTAD). Meanwhile, the US fell into second place as foreign inflows into the largest economy in the world dropped to $134 billion.
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