President Barack Obama made multiple claims about the improving U.S.
economy during his 2014 State of the Union address, touting the nation’s
resilience.
After making claims about jobs, energy and the deficit, Obama had this to say about international business:
"And for the first time in over a decade, business leaders around the world have declared that China is no longer the world’s No. 1 place to invest; America is."
It was one of only two times during the speech the president mentioned China, long considered the ascendant rival of the U.S., and the second-largest economy in the world. (The other mention was about using export partnerships to create jobs.) Considering the breakneck growth of China’s economy, the claim piqued our curiosity.
A White House spokesman said the comment referred to the 2013 A.T. Kearney Foreign Direct Investment Confidence Index, a survey of corporate executives from 302 companies in 28 countries that measured where companies are looking to make global investments. The top highlight: The United States took the No. 1 spot for the first time since 2001.
Read more: Business leaders declared 'China is no longer the world’s No. 1 place to invest; America is,' Obama says | PolitiFact
After making claims about jobs, energy and the deficit, Obama had this to say about international business:
"And for the first time in over a decade, business leaders around the world have declared that China is no longer the world’s No. 1 place to invest; America is."
It was one of only two times during the speech the president mentioned China, long considered the ascendant rival of the U.S., and the second-largest economy in the world. (The other mention was about using export partnerships to create jobs.) Considering the breakneck growth of China’s economy, the claim piqued our curiosity.
A White House spokesman said the comment referred to the 2013 A.T. Kearney Foreign Direct Investment Confidence Index, a survey of corporate executives from 302 companies in 28 countries that measured where companies are looking to make global investments. The top highlight: The United States took the No. 1 spot for the first time since 2001.
Read more: Business leaders declared 'China is no longer the world’s No. 1 place to invest; America is,' Obama says | PolitiFact
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