China overtook US as top destination for foreign investment last year: WSJ
China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of the global economy.
|DIS||WALT DISNEY COMPANY||172.78||+1.50||+0.88%|
|HON||HONEYWELL INTERNATIONAL INC.||202.25||-2.98||-1.45%|
New investments by overseas businesses into the U.S., which for decades held the No. 1 spot, fell 49% in 2020, according to U.N. figures released Sunday, as the country struggled to curb the spread of the new coronavirus and economic output slumped.