Wednesday, 31st July 2019
France is now more attractive than China for foreign investment.
This was the first time that France has entered the top five on the annual Foreign Direct Investment Confidence Index by US management and consulting firm A.T. Kearney, beating China in the rankings by two places.
The country’s rating sharply improved following the election of Emmanuel Macron as President, and does not appear to have been badly affected by the gilets jaunes movement.
France came in fifth place, up two from last year.
For the seventh year in a row, the United States has come out on top, due to its “vast domestic market”, “competitive fiscality” and “technological capacity”.
The US is followed by Germany and Canada; and in fourth place - as in previous years - is the United Kingdom, despite the delays and continued uncertainty over Brexit. Japan took sixth place.
China, which took the top spot on the rankings for 10 years between 2002-2012, fell this year to seventh place - its lowest ranking since the list first began 20 years ago.
This was attributed to “the slowing of interior demand”, “a drop in exports”, “growing worries over the level of debt of Chinese companies”, and the “impact of the commercial war with the United States”.