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China Becoming World¨s 5th Largest Investor
The United Nations Conference on Trade and Development (UNCTAD) recently published a survey conducted among IPAs (investment promotion agencies) worldwide. On one survey item, namely the most important country (countries) investment-wise, China received more votes than Japan, making it the first developing country in the top five.
According to China News Service, China¨s trending-up investment enthusiasm and its rise in ranking may well turn the country into the world¨s another investing power, second only to the United States. China¨s investment is largely concentrated in tourism-related hotel and catering industries followed by computer, IT and communication as well as services.
On this particular survey item, the United States was top on the list followed by Germany, the UK, France and China. The survey also shows that FDI worldwide peaked at 1.4 trillion USD in 2002 and has since been declining. The estimated value in 2003 was less than one half of the peak figure. However, 91% of the respondents believe that the figure will rebound in 2004 to 2005. The UNCTAD also predicts that FDI growth will continue in 2006 to 2007.
Origin:Beijing Business Times
Time:2004-5-11 10:19:11 Website:
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