Use of foreign capital


Foreign direct investment increased by 33 per cent in 2000 in terms of total FDI contract value, mainly in equity and contractual joint ventures . The contract value of wholly foreign-owned enterprises was reduced by 49 per cent (see Table 7.5.2).

Table 7.5.2: Foreign direct investment in 1995 and 2000, Inner Mongolia Autonomous Region
 

Approved contracts

Actual utilization

Mode

Number

Total value (US$ million) of previous year

% over total value

Total value (US$ million) of previous year

% over total value

1995

Direct foreign investment:

162

148.27

14.00

52.00

29.77

Equity joint ventures

130

120.19

 

41.6

 

Contractual joint ventures

12

2.37

 

1.56

 

Solely foreign-owned enterprises

20

25.71

 

8.84

 

2000

Direct foreign investment:

95

257.98

33

112.36

19

Equity joint ventures

52

107.72

60

64.07

 

Contractual joint ventures

19

121.79

73

19.87

 

Solely foreign-owned

24

2,847

-49

28.42

 

Among the 95 FDI projects approved in 2000, 80 projects were in production and 15 in the service sectors. They were mainly in ten sectors, such as the manufacturing industry, agriculture, forestry, animal husbandry and social services.

The sources of FDI for Inner Mongolia came from 26 countries and regions. The leading investing countries and regions are listed in Table 7.5.3.

Table 7.5.3: Key sources of investment, Inner Mongolia Autonomous Region

Source

No. of projects

Contract value (US$ million)

Hong Kong

22

29.47

Philippines

2

9.58

Singapore

3

3.86

Republic of Korea

9

2.52

South Africa

1

5.12

Germany

2

1.37

Italy

1

1.25

UK

2

6.70

British Virgin Islands

1

28.79

USA

24

132.27

Canada

5

4.38

Australia

7

28.86

Total

79

254.17




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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