E-News | 25/01/2021 11:28 AM | Click to read full article
Foreign companies are turning their backs on the United States, taking advantage of China’s booming economy and superior management of the Covid-19 pandemic.
Direct investment in the US by foreign companies plummeted 49% to $134 billion last year. By contrast, foreign direct investment in China grew by 4% to $163 billion in 2020. Foreign direct investment to India has similarly skyrocketed, from less than $25 billion in 2014 to $57 billion last year.