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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under
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To: smolejv@gmx.net who wrote (308)10/2/2002 9:36:11 AM
From: TobagoJack   of 867
 
CHINA TOPS INVESTMENT SURVEY
feer.com

BUSINESS DIGEST
For the first time, China beat out the United States as the most attractive destination for foreign direct investment, according to top executives of the world's 1,000 largest companies. An annual survey by U.S. consultants A.T. Kearney found that the executives were uneasy about the U.S. economy and optimistic about China following its entry to the World Trade Organization last year. Nearly one in three cited China as their preferred first-time destination for investment. But for the first time since the Asian economic crisis in 1997, they said that they were less likely to consider investing abroad. Kearney said the survey found China's WTO entry, its winning bid for the 2008 Olympics, steady economic growth and stable politics more than cancelled out factors such as massive nonperforming loans at state banks and the murky regulatory environment. The United Nations earlier said that FDI in China grew by 19% year on year in the first half of 2002 and the trend looked likely to continue. The UN Conference on Trade and Development said in a report: "China regained its position--lost to Hong Kong in 2000--as the largest recipient in both the region and the developing world."
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