China overtakes the US as the top foreign investment country
China has passed the US as the country with the highest foreign investment last year. The coronavirus has limited the influx of foreign investments into America. China surpasses the US as the top foreign investment destination The United States has been displaced as the top country for investments on a global scale. This figure was released on Sunday by the United Nations commission on foreign investments. Fresh investments into the US from foreign firms declined by almost half in December. This situation is heavily linked to the negative effect of the coronavirus on the US economy. These latest UN statistics, however, show that China has witnessed a 5% increase in foreign firms’ investments which allows it to jump to the first position. The latest results and figures show that the...