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 U.S. dollars, the lowest level since 2005, the Organization for Economic Cooperation and Development (OECD) said.
The global FDI flows represented only 1 percent of world GDP, their lowest level since 1999, the OECD said.
OECD's FDI figures echoed a report by the United Nations Conference on Trade and Development earlier this year, which also found China became the largest FDI recipient in 2020.