China tops the world in attracting investment (Agencies) Updated: 2004-06-07 15:56
As learned from the Ministry of Commerce, the United Nation Trade and
Development Organization recently released the latest results of Global
Investment Prospect Assessment (GIPA) and China is still deemed the most
attractive investment destination in the world.
Zhan Xiaoning, the founder of GIPA who is also in charge of the program,
said the UN Trade and Development Conference surveyed 335 large multinational
companies from developed, developing and the mid-east European countries and
made analysis study on the basis of feedback information and data. According
to this report the destination selection of foreign direct investment showed
some new trends. China topped the world in attracting investment. Brazil ranked
the second followed by Poland and South Africa. None of the top five best
investment destinations were developed countries.
The function shift of multinational companies was apparent. Processing
production was the most likely function of multinational companies to be
transferred overseas. The next were distribution and logistic support.
Investment means showed trend of diversification. Merge and acquisition, new
construction and other means including franchised business or strategic alliance
would be the mean methods used by multinationals in making expansion investment.
Zhan Xiaoning said the report shows that multinational companies are very
optimistic about the investment prospect in Asia-Pacific regions. Nearly three
fifths of the surveyed companies believed foreign direct investment in Asia
would increase in short term and China was deemed the most competitive in
attracting investment in Asia or even the world.
|