Economists Advise Foreign Businesses to Stay Put in China

Home>>Business

Last updated at: (Beijing Time) Wednesday, September 04, 2002

Economists Advise Foreign Businesses to Stay Put in China

DISCUSSION

CHINESE

SEND TO FRIEND

Business leaders attending a major economic conference were encouraged to keep their capital and investment in China Wednesday due to China's outstanding cost- effectiveness when compared to some other Asian countries.

Christopher Nailer, the Singapore-based regional economist of the Economist Corporate Network, told 100 business leaders attending the final day of the Regional Strategic Forecast in Hong Kong that China is one of an extremely few countries in Asia, that are enjoying a high level of cost-effectiveness.

So despite worldwide economic recession, they should still keep their production bases in China, he said. "Make sure you don't close a China factory," he said.

Also, China is a place providing economic stability for investors and businessmen and shield them against the worldwide recession caused by sluggish economic growth in the United States, Europe and Japan, he said.

"China's demand is now central to Asia.... In the next 24 months, look out for some of the domestic and regional economies' de-linking from the US economic cycle, especially China," he said.

Economic Corporate Network is run by the publisher of the Economist newspaper.

Questions?Comments? Click here

China Still to Develop Equipment Manufacturing Sector

30 Years to Turn China 'World Manufacture Center'

Highly Concerning China, US Plans to Deploy New Fighters in Guam ( 5 Messages)

Japanese Court Dismisses Germ Warfare Victims' Damages Claim ( 3 Messages)

China Plans to Stop the Overeas Flight of Corrupt Officials ( 14 Messages)

China's Exports Hit Record of US$56.2 Billion in July ( 96 Messages)

Old Chinese Beaten by NY Police, Triggers off Big Clash ( 47 Messages)