Magazine article Business Asia

China India Still in Favour

Magazine article Business Asia

China India Still in Favour

Article excerpt

Investors not put off by crisis

China and India still rank among the top five destinations for foreign direct investment (FDI) - a clear sign that they appeal to investors despite Asia's economic crisis.

A new AT Kearney study of FDI preferences among top corporate decision-makers named the United States, Brazil, China, the United Kingdom, India, Germany, Poland and Mexico as prime destinations for FDI by global multinationals over the next three years.

Other Asian countries did not fare as well. Corporate investors have shifted away from South Korea, Thailand, Indonesia and Malaysia -- the countries which suffered the brunt of the economic turmoil -- in favour of China, India and Australia.

"South Korea, Thailand, Indonesia and Malaysia have suffered the worst reversals of fortune of all countries surveyed," said Mr Paul Laudicina, an A.T. Kearney vice-president and managing director of the firm's Global Business Policy Council.

"Nevertheless, serious corporate investors, while shaken, appear ready to ride out the turmoil on the strengths of Asia's long-term market fundamentals. …

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