China was the largest recipient of foreign direct investment (FDI) in 2020, according to a report released by the United Nations Conference on Trade and Development (UNCTAD). China overtook the United States to gain the top position in 2020. The country attracted $163 billion inflows in 2020, compared to $134 billion attracted by the United States.
However, in 2019, the United States had received $251 billion in inflows and China received $140 billion. Overall, the global FDI had fallen by 42% in 2020, attracting an inflow of an estimated $859 billion, compared to $1.5 trillion in 2019.
Important takeaways for all competitive exams:
- UNCTAD Headquarters location: Geneva, Switzerland.
- UNCTAD Head: Mukhisa Kituyi.
- UNCTAD Founder: United Nations General Assembly.
- UNCTAD Founded: 30 December 1964.