Utilization of foreign capital

Anhui province received US$636.02 million of foreign direct investment in 247 projects in 2000. Equity joint ventures sharply decreased while contractual and solely foreign-owned ventures recorded significant increases in terms of total contract value (see Table 7.12.4).

Table 7.12.4: Utilization of foreign capital, Anhui Province, 1995 and 2000

	Approved contracts			Actual utilization
Mode	Number	Total value (US$ million) year's total value	% change over previous year	Total value (US$ million) year's total value	% change over previous year
1995
Direct foreign investment:	753	1,206		482.56	30.4
Equity joint ventures	538	778		311.12
Contractual joint ventures	43	40		16.19
Solely foreign-owned enterprises	172	388		155.28
2000
Direct foreign investment:	247	636.02	13.84	318.47	-11.86
Equity joint ventures	106	59.74	-80.30	119.21	-59.53
Contractual joint ventures	27	207.84	73.94	69.65	145.68
Solely foreign-owned enterprises	114	368.44	171.05	129.61	237.70

Among the foreign direct investment projects approved in 2000, 182 were production-orientated with a total contract value of US$429.95 million, while 65 were in service industries and had a contract value of US$206.07 million. China's Hong Kong and Taiwan provinces were the two largest sources of investment in terms of total contract value (see Table 7.12.5).

Table 7.12.5: Sources of direct foreign investment, Anhui Province, 2000

Source	Number of projects	Contract value (US$ million)
Hong Kong	69	116.21
Taiwan Province	52	75.80
Virgin Islands	11	75.22
USA	43	70.94
Germany	1	46.70
Singapore	6	28.05
Switzerland	2	27.14
Indonesia	2	21.75

In 2000, the export value of FIEs reached US$400 million, up by 37.1 per cent over US$291 million in 1999. Their share in the province's total export value rose from 17.4 per cent in 1999 to 18.5 per cent.