China overtakes U.S. as world’s top destination for FDI in 2020: BBC

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(Xin Hua

China overtook the United States as the world’s top destination for foreign direct investment (FDI) in 2020, showing China’s growing influence on the world economic stage, the BBC reported Monday.

Experts said the figures “underline China’s move toward the center of the global economy which has long been dominated by the U.S., the world’s biggest economy,” said the BBC in its report, noting that the U.S. still dominates when it comes to total foreign investments.

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