RBS economist Louis Kuijs said despite the fact that the United States is emerging from the 2008 global financial crisis and is on track for an economic upturn this year, hurdles remain to making it the world's top investment destination.
"The US has made progress in economic recovery, which makes itself a more attractive place for investments," Kuijs said. "Many federal governments are quite keen on attracting investments and manufacturing as energy prices are lower."
However, lower energy costs, thanks to abundant supply of shale gas, are not the sole factor. There are others such as wages and availability of supply chain services, he said.
He added that the mainland's sophisticated and advanced logistics and supply chain network makes it more favourable in manufacturing activities.
"The supply networks were lost along with the demise of many manufacturing activities in the US many years ago," Kuijs said. "It is not easy to bring more jobs back to the US."
The US is more suitable for developing some petrochemical-related industries, he said.
US-based financial services firm Brown Brothers Harriman strategist Marc Chandler saw the US as the best investment location by some measures such as low unit labour costs, cheap energy, higher legal transparency and signs of manufacturing activities returning to the country.
"Many worried about a bubbling debt problem, quicker deterioration in demography, poor stock market and unstable money market in China," he said.
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