China Passes U.S. As No. 1 Destination For Foreign Investment As Coronavirus Upends Global Economy

As the world struggled to contain the coronavirus crisis, foreign direct investment in the United States plummeted 49% in 2020 while investment in China rose 4%, making China the largest recipient of foreign inflows for the first time, according to aThe operation area of Nantong Port in east China's Jiangsu Province.China pulled in $163 billion in new investments from foreign businesses in 2020 while the U.S. fell into second place with $134 billion.

The U.S. and China had broadly different responses to the pandemic, with China’s government instituting strict, large-scale lockdown measures in early 2020 while the United States’ response was far less centralized and far less effective in curbing the spread of the virus. That prompted a major shift in the global economy—while the United States and other Western countries struggled to contain the pandemic, China went back to work, manufacturing picked up, and as a result China was theWhile the momentum of FDI has been shifting towards China for several years, the total stock of foreign investment is still larger in the United States, the

CAUTION: During my grandfather's time, China seized ALL bank accounts, leaving people with NOTHING. Foreign Chinese workers saved $$ in China Banks for future return...they were all unable to return. After many years of savings, they had NOTHING.

barnes_law Twitter advertiser. Bad. Blocking.

I think we just lost USA

Very sad!

barnes_law He’s a damn chinese spy!! He’s blackmailed in crazy ways y’all can’t even imagine

To paraphrase George Bailey from It’s a Wonderful Life, “Can’t you see what’s happening here? China isn’t selling. China is buying!”

barnes_law Thanks Biden you POS

Expected. According to news reports, they have few to no laws or regulations.

DON'T BELIEVE the NEGATIVE BITCOIN news that has been coming out! 🙉🙈 The Biden administration looks to be BITCOIN FRIENDLY in the stock exchange. Huge investment companies are manipulating the news to keep the prices low till they can invest; ie Guggenheim, Blackrock, Valkyrie!

Trump is to blame.

😎👽

is that why they let the virus spread? 😂

Well... surprise,surprise

Makes sense, Biden is a china asset, so of course the money will go to china

And FORBES is soooo happy about it🤔

panayiotispan10

saw that coming

Oh how convenient?

“foreign direct investment in the United States plummeted 49% in 2020 while investment in China rose 4%”

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Foreign companies are giving up on the United States and betting big on China, report saysForeign companies are turning their backs on the US, taking advantage of China's booming economy and superior management of the pandemic. Direct investment in the US by foreign companies plummeted 49% to $134 billion last year, according to a report. “Superior management” being some information suppression and a cost-benefit analysis that chose sacrificing many lives to keep the economy open. U.S. news is such BS “With Americans turning their back on fake news, CNN has turned to Chinese propaganda.” Everytime we(usa/Dems) fix a prob, R's mess things up again & it takes another Democrat potus 4 yrs to clean it up. Rs priorities are not in best interest of America.
Source: CNN - 🏆 4. / 95 Read more »