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China remains favored investment destination
www.chinanews.cn 2005-09-10 17:28:49
(Source: cctv.com)
BEIJING, Sept. 10 - The 9th China International Investment and Trade Fair
opened Thursday in East China's city of Xiamen. At the fair, a senior UN
official said China will remain one of the top choices for overseas
investment, and for multinationals to expand their Research and
Development work.
Secretary general of the United Nations Conference of Trade and
Development, Supachai Panitchpakdi, said the latest forecast on Foreign
Direct Investment shows that global investment will keep growing in the
mid and short-term, especially in China.
Meanwhile, China itself has become one of the largest investors among
developing countries. The country's outbound investment reached 3.6
billion US dollars in 2004.
A survey by UNCTAD revealed that many investment promotion institutions
chose China as one of the major investment powers in next three years.
��Overseas investment almost doubles
��2004 China foreign direct investment to $5.5b
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