Global investors flock to China amid improved business environment Xinhua | Updated: 2021-05-02 18:41 Share CLOSE Denmark s biopharmaceutical company Novo Nordisk signs a strategic cooperation framework agreement to set up a new entity in the Lingang Area, a section of the China (Shanghai) Pilot Free Trade Zone, at the third China International Import Expo on Nov 8, 2020. [Photo provided to chinadaily.com.cn]
BEIJING - Global investors enthusiasm for the Chinese market seems unstoppable despite the COVID-19 pandemic, as the latest data showed that China successfully navigated the economic fallout in the turbulent year and became the top investment destination worldwide.
In 2020, global foreign direct investment (FDI) flows plummeted by 38 percent from a year before to $846 billion, the lowest level since 2005, the Organization for Economic Cooperation and Development (OECD) said.
China Daily Global / 2021-01 / 26 / Page003
China becomes the largest FDI recipient in 2020 By LIU ZHIHUA in Beijing and HENG WEILI in New York | China Daily Global | Updated: 2021-01-26 00:00 Effective pandemic control, bright economic outlook were listed as reasons for its growth China had overtaken the United States by becoming the world s largest recipient of foreign direct investment last year, according to a UN report. Analysts and business executives said that this proved once again China s continuously improving business environment and the great resilience of the country s economy despite the impact of the pandemic. They said China s effective control of COVID-19, followed by the quick economic recovery, as well as its bright economic outlook and improvement in the business environment, were the main reasons for the FDI growth last year.