According to data from greenfield investment monitor fDi Markets, investment in the communications sector in Asia-Pacific peaked in 2008 with 242 projects recorded, creating 33,772 jobs. However, as the recession began to make an impact globally, investment in the sector has gradually declined, with the latest figures showing that in 2013, just 98 projects have been recorded, resulting in the creation of 10,898 jobs.
Since 2003, China has remained the top destination country for communications projects in the Asia-Pacific region with a total of 423 projects recorded in the country. According to fDi Markets, companies cited domestic market growth, proximity to markets or customers, and industry cluster as the top three reasons for investing in this emerging country. Despite this, between 2003 and 2013, project numbers have fallen by 11.14%, with 13 projects recorded in 2013.
China has also experienced a significant drop in the number of jobs created in the communications sector as a result of FDI. Of the 33,772 jobs created in Asia-Pacific in 2003, 17,504 were located in China. This figure has fallen to 1998 jobs in 2013, to date. Of all countries in Asia-Pacific India has seen the most jobs created in the communications sector since 2003. According to fDi Markets, the country experienced its highest influx of jobs in 2006 and 2008, when 23,451 and 14,624, jobs were created, respectively.