China tops APEC picks for investment: Survey

October 05, 2013 13:26

China tops Asia-Pacific CEOs' picks for investments in the next three to five years, followed by Indonesia and the United States, according to a survey of 500 business leaders.

Enjoying an almost infinite supply of cheap labour, easily obtained credit and an economy that never stopped running, many multinational corporations struck gold by helping turn a one-time economic backwater into the world's factory floor that churns out everything for everywhere.

But as GDP growth slowed, wages surged and financial risks increased, economists warned the world's second largest economy, the engine driving global growth, could be losing steam.

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