foreign investment in china - The rise of China in 2002 was part

In the early 2000s, China emerged as a leading destination for foreign direct investment (FDI), surpassing the United States in 2002. This rise was particularly notable given a global decline in FDI at the time. Over two decades, from 1979 to 1999, China attracted a significant portion of the world's direct investment, especially within developing countries, and continued to see substantial inflows in subsequent years.

Why Did China Become an FDI Magnet?

China's appeal to foreign investors stems from several key factors. Even during the severe Asian economic and financial crisis of 1997-1998, China continued to attract FDI. This resilience, partly due to some investment being redirected from other Southeast Asian economies,