China in recent years has emerged as the largest recipient of foreign direct investment (FDI) in the world. Many analysts and government officials in the developing world have increasingly expressed concerns that they are losing competitiveness to China. Is China diverting FDI from other...

In recent years, the People's Republic of China (PRC) has emerged as the world's largest recipient of foreign direct investment (FDI). Many analysts and government officials in the developing world have expressed concern that they are losing competitiveness to the PRC. Is the PRC diverting FDI...