Japan as export destination for China and India has diminished steadily over the last decade.
FORBES: Japanese Quake Impact on India and China Trade-Nomura
India is now the second-most- popular global destination for FDI, behind only China, and much of this is Asian investment.
Foreign direct investment (FDI) into China dropped as 2011 drew to a close, but most experts still see China as the main destination for corporate overseas investment.
The move comes as global central banks, from Japan to Europe to the U.S., are flooding financial markets with cash through so-called monetary easing, and China is an attractive destination for all of that investment potential.
Ministry spokesman Shen Danyang expressed optimism about the outlook this year, telling reporters that FDI will maintain relatively fast growth and that China remains a fairly attractive investment destination.
Measured by flows, India is overtaking China as Japan's biggest destination for foreign investment and, according to a survey by the Japan Bank for International Co-operation, will be the most favoured destination for long-term Japanese investments over the next decade.
For CEOs based in the Asia-Pacific, China is by far the preferred investment destination.
But the destination of choice for Australia's exports is China, which has a scarcity of the very commodities that Australia has in abundance.
The World Tourism Organization is predicting that by 2020, not only will China be the world's top tourist destination, but also the fourth largest source of tourists for the rest of the world (after Germany, Japan and the U.S.).
China is also the island's number one destination for foreign direct investment.
In China, the brand has positioned itself as a destination for the upper middle class, where the consumers can get a high quality coffee experience.
For instance, sister company Carlson Wagonlit Travel is one of the world's largest travel agencies, but China forbids foreigners from providing travel-related services, so Carlson is paying a Beijing destination management company, Pacific World, to handle much of what it could do itself.
The bilateral deals that China has reached with Russia, the UAE and Turkey are an interesting way of ultimately reaching the same destination of convertibility in a much more controlled way.
The SIP, which emerged out of rice fields and farmland, is a truly remarkable example of how planning can transform a sleepy tourist destination into an economic juggernaut. (This also remains one of my favorite economic development stories in all of China.) Two key factors drove the development of the SIP.
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