I.TheargumentinbriefChinabecametheworld'slargestdestinationforforeigndirectinvestment(FDI),almostallofwhichisFDIinmanufacturingandassembly,in2003,beforefallingbackintoasolidsecondplace.TheseFDIflowshaverevolutionizedChina'sindustrialbaseandshiftedthecompositionofChineseexports