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China, India, Mexico most favored by Spanish investments

(Xinhua)
Updated: 2008-04-01 10:37

China, India and Mexico are among the most favored choices of Spanish companies for investment in developing countries, the ABC Spanish daily reported Monday.

Some 81 percent of Spanish companies plan to invest in India and Mexico, while 86 percent prefer China as their investment destination, the paper quoted an Ernst & Young survey as saying.

The statistics are based on a survey with more than 900 senior executive officials of Spain's multinational companies.

Russia (59 percent), Poland (51 percent), Argentina and Brazil (30 percent) are the other overseas favorites of Spanish companies, the survey shows.

When choosing overseas markets for investment, Spanish firms consider several key factors, such as potential of market scales, yield from investment, costs and easy communication.

The Ernst & Young survey also found that Spanish companies have a very strong sense of risk. Some 89 percent companies pay attention to the potential risks of newly emerging markets, and nearly half have risk control measures in overseas markets in place.