January 25. 2021

Joe Biden and Nancy Pelosi

This is a follow up to the Judiciary Report articles China Set To Overtake The U.S. Economy As The World Number One Due The Coronavirus And How It Was Handled By The Government Confirming Previous Site Claims and China Has Won The Trade War Against The United States Confirming My Previous Predictions.

China has again surpassed America in another area of commerce, proving my previous predictions true, regarding the decline of the U.S. economy and the rise of China. A new report on January 24, 2021 stated China has overtaken America as "the World's leading destination for foreign direct investment."

I warned in previous articles this would happen if the coronavirus pandemic was not properly handled in America (see article links above). I also warned Biden becoming president would lead to the significant economic decline of America (Joe Biden Tax Plan Slammed And Debunked On '60 Minutes'). Already in his first week in office, Biden has set economic plans in motion that are greatly damaging the economy and will further do so to great degrees.

STORY SOURCE

China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment

Updated Jan. 24, 2021 7:40 pm ET - China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of the global economy.

New investments by overseas businesses into the U.S., which for decades held the No. 1 spot, fell 49% in 2020, according to U.N. figures released Sunday, as the country struggled to curb the spread of the new coronavirus and economic output slumped.

China, long ranked No. 2, saw direct investments by foreign companies climb 4%, the United Nations Conference on Trade and Development said. Beijing used strict lockdowns to largely contain Covid-19 after the disease first emerged in a central Chinese city, and China’s gross domestic product grew even as most other major economies contracted last year.

The 2020 investment numbers underline China’s move toward the center of a global economy long dominated by the U.S.—a shift accelerated during the pandemic as China has cemented its position as the world’s factory floor and expanded its share of global trade...

https://www.wsj.com

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