China ranks first in US business climate survey
Updated: 2008-08-01 08:55
NEW YORK -- China was ranked as the best country outside the United States for business investment, according to a latest survey of top US corporate executives released here this week.
More than half of the 281 corporate executives who responded to the survey named China as the most favorable country. India was second with 45.1 percent, followed by Mexico, the United Kingdom and Canada.
The corporate decision-makers who named China as the best for investment most frequently cited its "growing economy/business opportunities," "labor cost" and "low overall/operating costs" as reasons for their positive perceptions.
With the global battle for business more intense than ever, perceptions about a location's business climate often play a crucial role in site selection decisions, said DCI President Andrew T. Levine.