AIRLINK 61.51 Decreased By ▼ -0.97 (-1.55%)
BOP 5.35 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.48 Decreased By ▼ -0.10 (-2.18%)
DFML 15.40 Decreased By ▼ -0.10 (-0.65%)
DGKC 65.74 Decreased By ▼ -0.66 (-0.99%)
FCCL 17.20 Decreased By ▼ -0.39 (-2.22%)
FFBL 27.55 Decreased By ▼ -0.15 (-0.54%)
FFL 9.28 Increased By ▲ 0.01 (0.11%)
GGL 9.99 Decreased By ▼ -0.07 (-0.7%)
HBL 105.00 Decreased By ▼ -0.70 (-0.66%)
HUBC 121.02 Decreased By ▼ -1.28 (-1.05%)
HUMNL 6.50 Decreased By ▼ -0.10 (-1.52%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 4.31 Decreased By ▼ -0.17 (-3.79%)
MLCF 35.66 Decreased By ▼ -0.54 (-1.49%)
OGDC 122.40 Decreased By ▼ -0.52 (-0.42%)
PAEL 22.69 Decreased By ▼ -0.31 (-1.35%)
PIAA 30.95 Increased By ▲ 1.61 (5.49%)
PIBTL 5.82 Increased By ▲ 0.02 (0.34%)
PPL 106.75 Decreased By ▼ -0.75 (-0.7%)
PRL 27.10 Decreased By ▼ -0.15 (-0.55%)
PTC 17.45 Decreased By ▼ -0.62 (-3.43%)
SEARL 52.65 Decreased By ▼ -0.35 (-0.66%)
SNGP 62.53 Decreased By ▼ -0.68 (-1.08%)
SSGC 10.59 Decreased By ▼ -0.21 (-1.94%)
TELE 9.00 Decreased By ▼ -0.20 (-2.17%)
TPLP 11.45 Increased By ▲ 0.01 (0.09%)
TRG 70.14 Decreased By ▼ -0.72 (-1.02%)
UNITY 23.50 Decreased By ▼ -0.12 (-0.51%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,916 Decreased By -27.9 (-0.4%)
BR30 22,622 Decreased By -205 (-0.9%)
KSE100 66,922 Decreased By -220.3 (-0.33%)
KSE30 22,017 Decreased By -72.6 (-0.33%)

BENGALURU: China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows.

China’s $163 billion in inflows last year, compared to $134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday.

In 2019, the United States had received $251 billion in inflows and China received $140 billion.

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated.

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

The world’s second-largest economy has surprised many with the speed of its recovery from the coronavirus jolt, especially as policymakers have also had to navigate tense US-China relations on trade and other fronts.

Overall, global FDI had collapsed in 2020, falling by 42% to an estimated $859 billion, from $1.5 trillion in 2019, according to the UNCTAD report.

FDI flows fell by 37% in Latin American and the Caribbean, by 18% in Africa, and by 4% in developing Asia, the report added.

East Asia accounted for a third of global FDI in 2020, while FDI flows to developed countries fell by 69%.

Comments

Comments are closed.