China
Replaces U.S. as First Choice for Investment
102 countries and regions invest
in Shanghai. |
According to a joint investigation by a group
of top world companies, China has for the first time surpassed
the U.S. to become the most favored destination for direct foreign
investment. The Financial Times reports that the September 11th
incident has provoked worries about security in the U.S among
foreign investors. According to UN statistics, nearly US $50
billion of direct foreign investment was channeled into China
in 2001, and still more is on its way. Foreign investment in
the United States, on the other hand, dropped from its 2000
level of US $301 billion to US $125 billion.
