China most 'attractive' destination for FDI

China remains the most attractive destination for foreign direct investment (FDI) in the developing world despite the global financial crisis, says a UN report, released yesterday.

But this year FDIs across the world will drop 10 percent from the record high of last year because major companies have scaled back their investment plans, the report says.

Global FDIs rose 30 percent to $1,833 billion in 2007, even though the international financial crisis became evident midway through the year.