Wednesday, August 27, 2003
The latest FDI numbers
The Financial Times is carrying a report on the latest on global FDI flows, based on the latest UNCTAD report. Though the United States continues to be the most favoured destination of FDI, China is catching up fast.
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 FDI of $1,351bn. But the stock in China totalled $448bn, up from just $25bn in 1990. Combined with Hong Kong's stock of FDI of $433bn, greater China takes the number two spot.
Even if we factor in the fudge factor in Chinese economic numbers, these numbers are quite an astonishing testament to how much a liberal economic regime is helping. What would be interesting to see is be how much of this money is recycled from the SAR and the mainland itself. Brazil comes in second to China among the developing countries.
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 FDI of $1,351bn. But the stock in China totalled $448bn, up from just $25bn in 1990. Combined with Hong Kong's stock of FDI of $433bn, greater China takes the number two spot.
Even if we factor in the fudge factor in Chinese economic numbers, these numbers are quite an astonishing testament to how much a liberal economic regime is helping. What would be interesting to see is be how much of this money is recycled from the SAR and the mainland itself. Brazil comes in second to China among the developing countries.
