| UN: China's FDI benefits neighbors |
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| Wednesday,March 09,2005 Posted: 14:26 BJT(0626 GMT) |
BEIJING, Mar. 8 -- A United Nations report says a large cash flow into China won't affect foreign direct investment in other Asian countries but will give a push to regional development as a whole.
The report released by UN Conference on Trade and Development says China's strong economy attracts foreign investment to neighboring countries.
It shows that China's strong industrial base helps the Asian countries grow rather than weakening their economic development.
In 2004 China attracted 62 billion US dollars of foreign direct investment, second only to the United States.
During the same period, foreign investment in East and South-East Asia increased by 6 percent.
(CRI)
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