UN report: China largest recipient of FDI in 2020

China became the world's largest recipient of foreign direct investment in 2020, followed by the United States, according to a UN report.

Analysts and business executives said that proved once again China's continuously improving business environment and the great resilience of the country's economy despite the impact of the COVID-19 pandemic.

They said China's effective control of COVID-19, followed by the quick economic recovery, as well as its bright economic outlook and the improvement in the business environment, were the main reasons for the FDI growth last year.