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China Surpasses USA As Biggest Recipient Of Foreign $$ Investment Mon Jun 28 2004 10:10:37 ET China last year for the first time eclipsed the US as the biggest recipient of foreign direct investment The report by the Organization for Economic Cooperation and Development, the 30 member nations of which include the world's most highly industrialized, showed that net foreign direct investment, known as FDI, to emerging economies from the 30 OECD countries rose about sixfold in 2003 to a record $192 billion, or $158 billion, up from $31.7 billion in 2002. Of that, China attracted $53 billion, slightly less than the year before, compared with $40 billion for the US, the WALL STREET JOURNAL reported on Monday. Developing... |
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