US more attractive place to invest than China

Davos - Amid growing concerns over the global economy, the United States has overtaken China as the number one investment destination among chief executives around the world, a survey found Tuesday.

That's the first time the US has topped the list since accounting and consulting firm PricewaterhouseCoopers, or PwC, first started asking the question five years ago.

It's a clear sign that the business community is increasingly encouraged by the US economy's vital signs at a time when China's growth is coming off the boil and executives are increasingly pessimistic over the global outlook.