Obama touts surge in foreign investment

By Jennifer Liberto @CNNMoney June 20, 2011: 2:26 PM ET

WASHINGTON (CNNMoney) -- Foreign companies plowed 49% more money into the U.S. economy in 2010 compared with the prior year, the Obama administration said Monday.

And 90% of that foreign investment came from Canada, Europe and Japan. Less than 1% came from China.

"The United States consistently receives more foreign direct investment than any other country in the world," President Obama said in a statement. "By voting with their balance sheets, businesses from abroad have clearly stated that the United States is one of the best places in the world to invest."

Full story:
http://money.cnn.com/2011/06/20/news/economy/foreign_investment/