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Singapore most attractive destination for Chinese firms; India slips to 37

Although developed economies still dominate the upper ranks of the index, emerging markets have improved their positions and notable climbers include Malaysia (4th) and Kazakhstan (13th).

Press Trust of India  |  New Delhi 

Singapore most attractive destination for Chinese firms; India slips to 37

has slipped six notches to 37th position among 60 major in the world in terms of their attractiveness to Chinese firms, while topped the list compiled by the Economist Intelligence Unit.

According to the latest EIU's Going Global Investment Index, overtook the as the most attractive destination for Chinese overseas direct investment.


Hong Kong, and rounded the top five.

Among BRIC economies, Russia's index rank moved up by six places to 11th, with its economic prospects having improved owing to higher commodity prices, while South Africa's rank has risen by six places to 44th.

However, dropped by 19 places to 53rd place and is down by six positions to 37th amid "tenser political relations with China", it said.

"Despite challenges for Chinese investors in India, the country's growth prospects are the brightest across major and several Chinese companies, such as Huawei (a telecommunications firm) and Xiaomi (a consumer electronics company), have built successful businesses there," the report said.

E-commerce could be a particular strength for Chinese firms in the global consumer sector in future, the report said and added that Alibaba, is amplifying its e-commerce footprint in South-east Asia and through investments in Lazada and Paytm, respectively.

Although developed still dominate the upper ranks of the index, emerging markets have improved their positions and notable climbers include (4th) and (13th).

Several developed have tumbled down the index: the slipped the most, by 29 places to 41st, owing to the worsened outlook for economic growth following its decision to leave the

Countries that rank consistently high across the six industry indices include the US, Japan, and

"While the and owe their positions mainly to the opportunities they offer Chinese firms to obtain technology and brands through mergers and acquisitions (M&A), and are fast-growing markets in which companies from are likely to be competitive," the report noted.

The index ranks 60 major in terms of their attractiveness to Chinese firms, drawing on 57 indicators spread across opportunity and risk pillars.

First Published: Thu, December 07 2017. 13:05 IST
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