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Overseas Investors Bullish on China
China remained the most attractive place in Asia for foreign investments under a Dow Jones Investment survey disclosed in Shanghai Thursday. It also scored first in a similar survey last year.
Of the 382 executives contacted in the survey in March and April, 38 per cent placed China at the top of target investment in the next 12 months, leaving the runner-up Japan (13 percent) far behind.
Urban Lehner, publisher and executive editor of the Asian Wall Street Journal, said the market expansion potential continues to attract foreign investors to China, despite the country being behind many other Asian countries and regions in the supply of skilled workers and managers, entrepreneurship, high technology application and Internet-related investments.
"China's entry into the WTO (World Trade Organization) should draw investment to that country and is likely to fuel policy liberalization elsewhere in Asia, raising the region's overall attractiveness,'' the Asian Wall Street Journal said yesterday.
The survey confirms the end of the financial crisis in Asia that started in 1997 and return of confidence in the region.
Most of the executives picked up technology and telecommunications for best opportunities.
The survey found that Asian companies focus more on their domestic markets rather than on the export markets that dominated growth in the 1980s and 1990s.
Singapore ranked first in the survey for the availability of skilled workers and managers, while Hong Kong led in entrepreneurship. The two tied in attractiveness for Internet-related investments.
(China Daily)
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