China overtakes US as the world's top destination for new foreign direct investment
China has overtaken the US as the world's top destination for new foreign direct investment, according to UN figures released on Sunday.
New investments into America from overseas companies fell by almost half last year, leading to the loss of its number one status.
In contrast, UN figures show direct investment into Chinese firms climbed 4%, putting it number one globally.
China had $163bn in inflows last year, compared to $134bn attracted by the US, the United Nations Conference on Trade and Development (UNCTAD) said in its report
In 2019, the US received $251bn in new foreign direct investment while China received $140bn.
Local News
Tri-Forces security for ex-presidents to be withdrawn from today
23 December 2024
SLPP considers contesting LG elections separately
23 December 2024
Mainly fair weather expected to prevail today
23 December 2024
Customs says rice imports on hold until Gazette notification issued
23 December 2024
Fire Breaks Out at Construction Material Store in Akmeemana
23 December 2024
Trending News
SIMs to be deactivated on unregistered new mobile devices from tomorrow
30 September 2020
Sex education is the way to prevent child abuse – Ali Sabry
28 September 2020
Two suspended trains to resume operations
28 September 2020
Curfew in Western Province to be lifted on Monday - Army Commander
05 November 2020
