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Economy

China surpasses US as top destination for foreign investment

Inflows spurred by country's swift rebound from virus and cross-border M&As

A highway bridge under construction in Tibet: China drew 19% of global foreign direct investment last year as its economy recovered rapidly from the pandemic's impact.   © Reuters

BEIJING -- China overtook the U.S. to become the leading recipient of foreign direct investment last year, underscoring the Chinese economy's recovery from the pandemic.

Foreign direct investment climbed in China for four consecutive years, rising 4% in 2020 to $163 billion, according to the United Nations Conference on Trade and Development.

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