{"id":110922,"date":"2021-01-26T15:52:32","date_gmt":"2021-01-26T07:52:32","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=110922"},"modified":"2021-01-26T15:52:35","modified_gmt":"2021-01-26T07:52:35","slug":"china-overtakes-us-as-largest-recipient-of-foreign-direct-investment-un","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=110922","title":{"rendered":"China overtakes US as largest recipient of foreign direct investment: UN"},"content":{"rendered":"\n<figure class=\"wp-block-image alignwide\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/world\/China-overtakes-US-as-largest-recipient-of-foreign-direct-investment-1163887?gallery=1\"><img src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/919\/91967927.295.jpg\" alt=\"China's gross domestic product grew 2.3 per cent in 2020.PHOTO: EPA-EFE\"\/><\/a><\/figure>\n\n\n\n<p style=\"text-align:center\"><strong><em>China&#8217;s gross domestic product grew 2.3 per cent in 2020<\/em><\/strong><\/p>\n\n\n\n<p>UNITED NATIONS, Jan 26 (NNN-AGENCIES) &#8212; China has overtaken the United States as the largest recipient of foreign direct investment, which rose by 4 per cent to reach 163 billion dollars in 2020, according to a  UN report.<br><br>By contrast, that kind of investment into the US dropped by 49 per cent year on year, mirroring a global decrease of 42 per cent in 2020, the United Nations Conference on Trade and Development said in its report.<br><br>It added that such low levels haven&#8217;t been seen since the 1990s, and they are expected to continue in 2021 amid uncertainty over how the coronavirus pandemic will play out.<br><br>The drop in foreign direct investment worldwide hit developed countries the hardest, which reported a decrease of 69 per cent.<br><br>China&#8217;s rise to the top of the chart, which the US had occupied for decades &#8211; as well as it being the only major economy to report economic growth in 2020, expanding by 2.3 per cent &#8211; demonstrates the strengthened position of the world&#8217;s second-largest economy.<br><br>This position reflects China&#8217;s return to normal life after the first coronavirus infections were discovered in the city of Wuhan just more than a year ago, but with only a few local outbreaks reported in the past few weeks. &#8212; NNN-AGENCIES<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s gross domestic product grew 2.3 per cent in 2020 UNITED NATIONS, Jan 26 (NNN-AGENCIES) &#8212; China has overtaken the United States as the largest recipient of foreign direct investment, which rose by 4 per cent to reach 163 billion dollars in 2020, according to a UN report. By contrast, that kind of investment into [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":110923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208,215],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/110922"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110922"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/110922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/110923"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}