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US ‘volatile economic situation’ behind foreign investment downturn

Sunday, 01 February 2015 5:21 PM [ Last Update: Sunday, 01 February 2015 5:21 PM ]

The “volatile economic situation” in the US is the reason behind the downturn of foreign investment.

The “volatile economic situation” in the United States is the reason behind the downturn of foreign direct investment in the country, an American university professor says.

Dr. Dennis Etler, Prof of Anthropology at Cabrillo College, Aptos, CA, made the comments in a phone interview with Press TV on Sunday.

He made the remarks after a report said that China surpassed the United States as the top destination for foreign direct investment, a position held by the US for 11 years.

The United Nations Conference on Trade and Development recently published a report, showing China had attracted $127.6 billion in foreign investment in 2014 compared to $86 billion invested by foreign businesses in the US.

The report also said China’s special administrative region Hong Kong also stood at the second spot ahead of the US after it attracted $111 billion in foreign investment.

“This indicator should be understood in the context of international economic situation. Chinese foreign direct investment has been holding steady for the last decade,” Etler said.

“The Chinese economy is continuing to grow at a steady pace,” he added.

“Foreign direct investment for China seems to show that foreign investors feel the same way that investment in China is very secure and a profitable place for them to put their capital as an investment,” he noted.

AGB/DDB

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