China surpasses US as top destination for foreign investment

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

20210125N china bridge construction (REUTERS)

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

IORI KAWATE, Nikkei staff writer

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.

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