THERE'S ONLY ONE SAFE HARBOR:

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 U.S. 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 U.S. 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.

"The U.S. for the first time in a number of years is the number 1 destination point for investment coming from CEOs,"

"I think you are seeing a real movement to economies that offer some real degree of stability from a business investment point of view, and that's interesting trend from what we've seen in the past," Dennis M. Nally, the firm's chairman told The Associated Press in an interview ahead of the gathering of the business elite at the World Economic Forum in the Swiss ski resort of Davos.

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