Gold Magazine May - June 2013, Issue 26 | Page 74

china CEOs {economy} choose China investment for foreign C EOs have rated China as the world’s top destination for foreign investment, according to a global survey by PwC and the China Development Research Foundation. According to the report, Choosing China: Improving the investment environment for multinationals, more than half (56%) of the CEOs surveyed chose China above other major and emerging economies including Brazil, Russia, India and the US. CEOs say they are attracted to China’s expanding consumer markets, skilled talent pool and government incentives. “A major factor in China’s economic success has been its ability to attract foreign investment,” says Dennis Nally, Chairman of PricewaterhouseCoopers International Ltd. “In 2012, China attracted US$111.7 billion of global FDI. And we predict that it wi