According to figures released by the U.N. Conference on Trade and Development, China became the world’s top destination for foreign direct investment in 2014, edging the U.S. out of that position for the first time in more than a decade. Foreign businesses invested $127.6B in China last year, up from $123.9B in 2013, while their investments in the U.S. fell to $86B from $230.8B. The U.S. also slipped behind Hong Kong, falling into third place among all FDI recipients.