Categories: Ranks & Reports

China surpasses United States as largest recipient of FDI

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.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

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.

Find More Ranks and Reports Here

Sumit Arora

Recent Posts

Top-10 Milk Consuming Countries in the World 2024

Milk, a fundamental source of nutrition and culinary inspiration, binds diverse societies worldwide through its…

11 hours ago

Oxford Bookstores Honours Excellence in Book Design and Visual Arts

Oxford Bookstores announced Bhavi Mehta as the winner of the 9th edition of the Oxford…

12 hours ago

Renowned Urdu Writer Salam Bin Razzaq Passes Away at 83

Shaikh Abdussalam Abdurrazzaq, the renowned Urdu litterateur and academician, popularly known by his pseudonym Salam…

12 hours ago

To-10 Honey Producing States in India 2024

In recent years, India has witnessed a significant surge in its honey production, emerging as…

12 hours ago

Manipur Launches “School on Wheels” Initiative for Students in Relief Camps

Amidst the aftermath of ethnic strife and severe hailstorms, Manipur's government introduces the "School on…

13 hours ago

Appointment of Subodh Kumar (IAS) as Director in Ministry of Ayush

Subodh Kumar (IAS), a 2010-batch Indian Administrative Service officer of Tamil Nadu cadre, has been…

13 hours ago