The Change Mariner: China closes foreign investment gap

August 26, 2003

China closes foreign investment gap

The dramatic impact of globalisation on the world's economic interdependence is demonstrated in new figures on foreign direct investment released on Monday by the United Nations Conference on Trade and Development ahead of its annual world investment report next week.
The figures showed China rapidly catching up with the US as the world's most popular location for foreign investment. The US tops the league table of overseas investment destinations with a stock of [direct investment] of $1,351bn. But the [direct investment] in China totalled $448bn, up from just $25bn in 1990. Combined with Hong Kong's stock of FDI of $433bn, greater takes the number two spot.

Posted by Bob King at August 26, 2003 09:53 AM
Related Categories: Country - China | Quadrant - Economic

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