China MFN debate

[Dace]

I have a question: Will permanent MFN status for China result in a
significant increase in US investment in China?  Would it unleash a new
movement of production facilities across the Pacific?  My understanding has
been that permanent MFN status wouldn't make much of a difference, because
the annual approval always comes through anyway.  Is this correct, or would
permanent status have important, tangible effects?

Ted