48% of international investors cited China as one of their top three preferred business locations in 2007, up 7 percent from last year. The survey, conducted by Ernst & Young, ranked investment preferences on the basis of market and access, labor and productivity, fiscal, legal, environmental and regional issues. Investors said they were drawn to China for its low labor costs, more competitive rates and higher productivity. However, only 4 percent surveyed said it is the most attractive country in terms of labor skills and R&D availability and quality.