China: place with highest investment potential in the world

China stands at the top of the list of the ten countries in the world representing the most investment potential. The list was unveiled by the World Union of VIP Enterprises (WUVE) in Beijing on Dec. 20. The other nine countries are France, the United States, India, Britain, Germany, Canada, Brazil, Netherlands, and Spain.

This is the third year that China has secured its leadership in investment potential. In 2005, China has attracted more than 60 billion USD of foreign investment. Chow Kong Shan Kwan, Executive Chairman of WUVE, said enterprises with internationally famous brands had poured more than 580 billion USD into China since the country embarked on the reform and opening-up course. China's economy grew by 9.4 percent on average annually during the period and its GDP per capita also multiplied by six times. All of those, the chairman concluded, proved that China was one of the countries reflecting stable economic growth and most favorable destination for investment.

He regards companies with world-known brands as drivers of the world economy and the main source of foreign capital flowing into those top ten counties with highest investment potential. He thinks their interest in China is motivated by China's WTO membership, fast-growing economy, as well as its enormous market. What China offers now is more than low labor costs and favorable treatment. World's famous brands emphasizes more on labor skill, technologies and investment environment.

He added that all the top ten were most favored by foreign investors and absorbed more than 10 billion USD foreign capital a year.

Altogether 50 candidate countries have been assessed against 10 indicators, including the total foreign investment for three consecutive years, investment environment, investment policies, development potential, macro-economic quality, government management, economic operation quality, investment confidence, prediction of return on investment, and the country's comprehensive competitiveness.

By People's Daily Online