BEIJING, 25 January, 2021 (TON): China takes new foreign investment top spot according to UN figures released on Sunday.

The country has passed as the world’s top destination for new foreign direct investment climbed 4%.

The new overseas investments into America fell by almost half last year, thus damaging its number one status in the market.

In contrast, UN figures show direct investment into Chinese firms climbed 4%, putting it number one globally.

The top ranking shows China's growing influence on the world economic stage.

The United Nations Conference on Trade and Development (UNCTAD) said, China had $163bn (£119bn) input last year, compared to $134bn attracted by the US. In 2019, the US received $251bn in new foreign direct investment while China received $140bn.

In total foreign investments U.S. still happens to dominate, while China may be number one for new foreign investment.

This reflects the decades it has spent as the most attractive location for foreign businesses looking to expand overseas.

The figures underline China's move toward the center of the global economy which has long been dominated by the US, the world's biggest economy said the experts.

China, currently involved in a trade war with the US, has been predicted to leapfrog it to the number one position by 2028, according to the UK-based Centre for Economics and Business Research (CEBR).

China is among of those countries or probably the only country who has gained economy where others faced economic challenges lately, during the last year especially.