The Chinese Economy Attracts The Largest Inflows of $ 163 Billion in 2020

China received the largest foreign direct investment in 2020 as the Coronavirus spread around the world throughout the year, while the Chinese economy attracted $ 163 billion in inflows.

The United Nations Conference on Trade and Development (UNCTAD) said in a report that Chinese flows of $163 billion last year came compared to $134 billion attracted by the United States.

In 2019, the United States received inflows of $251 billion and China attracted $140 billion.

The pace of Chinese economic activity accelerated in the fourth quarter, while growth exceeded expectations, as it ended the year 2020, which saw the Coronavirus hit, in remarkable good shape and is still ready to expand further this year even as the global epidemic unfolds unabated.

Official data this week showed that China’s gross domestic product expanded 2.3% in 2020, making China the only major economy in the world to avoid a contraction last year.