US firms less focused on China

One-in-10 US companies operating in China have removed the nation from their list of top-three priority destinations for global investment in 2013 due to rising labor costs and slower growth, a survey showed on Friday.

The survey, conducted by the American Chamber of Commerce in China, said 68 percent of companies rated China among their top three investment priorities in 2013, down 10 percentage points from last year,.

"People are a little bit less focused on China," said Christian Murck, president of the chamber.