文件名称：FT Report - Investing In China
文件大小：6.38MB
文件格式：PDF
更新时间：2011-03-25 07:17:12
Investing
The flood of foreign direct investment into China has been one of the most
consistent and important financial trends of recent years. Annual flows of
more than US$50bn have made China the largest destination for FDI and have
helped transform its economy.
For foreign investors, the attractions are evident. China’s rising consumer class
provides a potentially huge and profitable market – where, for early movers at
least, margins have often been higher than in mature economies. For exporters seeking
efficient links in their supply chains, China is frequently the price setter and an
unrivalled source of cost advantage.
Both of these trends stand out in the statistics. By 2003, the ratio of the stock of
inward investment to GDP was as high as 36 per cent, while more than 50 per cent
of China’s exports came from foreign invested enterprises in 2004. Unlike the experience
of Korea and Japan, China has moved much more quickly to open many of its
business sectors, while consumers have responded enthusiastically to international
brands.