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.
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. China, long ranked No. 2, saw direct investments by foreign companies climb 4%, the United Nations Conference on Trade and Development said. Beijing used strict lockdowns to largely contain Covid-19 after the disease, and China’s gross domestic product grew even as most other major economies contracted last year.
The 2020 investment numbers underline China’s move toward the center of a global economy long dominated by the U.S.—a shift accelerated during the pandemic as China has cemented its position as the world’s factory floor and expanded its share of global trade. While China attracted more new inflows last year, the total stock of foreign investment in the U.S. remains much larger, reflecting the decades it has spent as the most attractive location for foreign businesses looking to expand outside their home markets.
These will be the effects when China embraced Capitalism like a soft pillow 😁
Corporations lobbied the U.S. Congressional politicians to pass laws forcing industrial production to China. The U.S. is more or less realty for wealthy Communist countries of the world.
China is going to eat America’s lunch.
Who's investing?
ZhouFengSuo DO YOU BELIEVE THE FAKE NEWS?
icashmir Instead! Indian media reporting that global investors leaving Chinese market & investing in India, 🤣 that’s why Indian growth is downward...🐄💩
Goddamn, wumao all over this thread.
But of course. Competence being rewarded
For as much as people, including myself, agree that communism isn’t what we want, China sure is making headway. Economy, business investment, etc., etc. Why?
So much decoupling
China has been catching up quickly since the early 90's, when the 'globalists' decided to ignore the 1989 Tiananmen massacre to continue making more profit from China. It's funny how some can still think Trump was the reason or condemning China on human rights is of any help.
davidfrum A direct reaction to the rejection of other nationalities and the prioritizing of American only interests.
Thanks, Trump. For nothin’.
Forget China No money Gou shoor!!..AT-Vienna Incurious!!
Yes but those investors need to understand that there is no SeparationOfPowers and constitutionaljustice in China even for business and investors. Just ask JackMa and the other CEO who recently got 17 years for “corruption” or some such!
So much winning under Trump... 🙄
Thank a Trump supporter for gutting US world Leadership!
How many US companies
China is investing in you. This is why we keep getting these fluff pieces. Try writing about the ongoing genocide, organ harvesting, and the authoritarian surveillance state instead.
And also ground zero for infectious diseases.
Let them do it, and see what China does to their intellectual properties.
Yes it will be more after Joe Biden takes over.
Meanwhile, over 2600 US corporations/companies are owned by China snd 13 billion in real estate was sold to them in 2019 snd Chinese nationals are attending our universities.
Amazing... Does China allows this?
China does not have major consumer class which means a major opportunity. There is however a price to do business with. The government is oppressive .
Tax all Chinese Imports - it would be a pollution tax. Time to internalize an external good.
Look at how they are investing in infrastructure..that the engine for investments......their debt by local governments in increasing....WE IN USA need to invest here to keep it going...change from service/social-app economy to real one that can sustain the population
davidfrum Not a surprise. China acknowledges her success is due to moving away from socialism towards capitalism. American is doing the opposite.
How many US companies invested 🧐 JPM, GS, MS, BR, GS and the list goes on. Money isn’t prejudice 😉
davidfrum So much winning.
say what, chinese stock market's being pretty flat, nothing compaired the the crackup boom in American stocks.
ThanksTrump
davidfrum It’s all good until CEO’s and business owners get locked up or just disappear for saying the wrong things....
Dictator President Xi happy now they will have more money to building re-education camp in XinJiang
Foreign companies that know zero loyalties but profits are going to be the downfall of human life. be it in america, china or russia. dont trust the profiteers.
davidfrum GOP LeaderMcConnell See what happens when you put your dopey tax cuts before Americans? You knew it was coming but you couldn’t resist.
davidfrum Why would any company invest in a country that just had an attempted coup? The GOP encourages this sedition with their lies about the election. This is why US companies must divest from the Republicans.
What else would you expect of a country that exported a global pandemic to the rest of the world to ensure the collapse of all other economies except their own
China cons the world
Trust us everything, amazing the rest of the world doesn’t get that...
davidfrum The Trump economy wins again.
Thanks, Trump 🤪
WorldwideSundayExpo Christmas Time is a time that should DRAW Mankind to JESUS.
MustacheTommy difficult to trust there.
'Beijing used strict lockdowns to largely contain Covid-19 after the disease' Easy to do when you're a totalitarian regimen. They even imprisoned the doctors who warned them about it.
Unto the church of write: The Lord has been lowered down, down, down, down in to the Bottomless pit where Christ shall remain for All of Time. For Jesus damned the Tree of Life. Michael Raymond Jackson form from the Whole He Bible. The Antichrist.
davidfrum How about those tariffs Trumplicans 🤪🤪🤪🤪🤪🤪
davidfrum This is the result of 4 years of trump and his admin performing toughness on China. The tariffs were a joke that hurt Americans. The coronavirus response weakened us. Pulling out of the TPP was the first evidence they were never serious.
China winning at capitalism is a direct result of the failure of Trump in the global economy.
China's using forced labor. Anyone who Supports China Supports slavery
Yeah, but they don't have racial equity and diversity quotas! Checkmate, China.
davidfrum Conservatism is killing the US. Stop supporting morons.
davidfrum Well so much for the art of the he deal.
COVID didn’t help... one country was hit hard, the other lied about it. No one wants to invest in lockdowns.
What a superb China strategy Trump had. It worked almost as well as everything else he promised.
Nice work, Trump.
Graciously provided to you by donald trump
4 years of making America great again!
So much winning, eh Trumpers?