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China tops for global opportunity
By Winny Wang |
July 28, 2010, Wednesday
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Online Edition
Online Edition
China is ranked No.1 among 27 emerging economies for investment opportunities backed by its huge consumer market, an increasingly open economy and the extremely rapid trade growth, an industry report said.
China was followed by India in second place and Russia third, according to the Emerging Markets Opportunity Index 2010 published by Grant Thornton China yesterday.
The index takes account of key factors such as economy size, wealth, involvement in world trade, growth potential and levels of human development. China scored 454 points of these factors in total, which more than doubled India's 222 points.
"China leads the way thanks to the country's huge consumer market, an increasingly open economy and the extremely rapid trade growth, which offer a myriad of business opportunities for potential investors," said Xia Zhidong, vice chairman of the consulting firm.
"The government's resolution to boost domestic consumption presents a huge opportunity. In future, more opportunities will lie in the improved infrastructure, enhanced human capital, investments in R&D and the increasing middle class base," Xia said.
The report surveyed more than 7,400 chief executive officers, managing directors, chairmen and other senior executives from 36 economies across all industry sectors. A total of 300 businesses were surveyed on the Chinese mainland.
China attracted the most foreign investments among the BRIC countries last year. Foreign direct investment in China reached US$95 billion last year, followed by Russia at US$39 billion, India at US$35 and Brazil at US$26 billion, according to the United Nations Conference on Trade and Development.
China was followed by India in second place and Russia third, according to the Emerging Markets Opportunity Index 2010 published by Grant Thornton China yesterday.
The index takes account of key factors such as economy size, wealth, involvement in world trade, growth potential and levels of human development. China scored 454 points of these factors in total, which more than doubled India's 222 points.
"China leads the way thanks to the country's huge consumer market, an increasingly open economy and the extremely rapid trade growth, which offer a myriad of business opportunities for potential investors," said Xia Zhidong, vice chairman of the consulting firm.
"The government's resolution to boost domestic consumption presents a huge opportunity. In future, more opportunities will lie in the improved infrastructure, enhanced human capital, investments in R&D and the increasing middle class base," Xia said.
The report surveyed more than 7,400 chief executive officers, managing directors, chairmen and other senior executives from 36 economies across all industry sectors. A total of 300 businesses were surveyed on the Chinese mainland.
China attracted the most foreign investments among the BRIC countries last year. Foreign direct investment in China reached US$95 billion last year, followed by Russia at US$39 billion, India at US$35 and Brazil at US$26 billion, according to the United Nations Conference on Trade and Development.
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