Utilization of foreign capital

Shandong province approved 2,728 foreign direct investment projects in 2000 with a total contract value of US$5.074 billion, an increase of 63 per cent over 1999 (see Table 7.15.4).

Table 7.15.4: Utilization of foreign capital, Shandong 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:	2,709	4,625.21	-12.1	2,607.19	2.8
Equity joint ventures	1,692	2,665.00		1,814.93
Contractual joint ventures	141	373.74		83.64
Solely foreign-owned enterprises	876	1,585.67		708.62
2000
Direct foreign investment:	72,728	5,07.35	63	2,971.19	20
Equity joint ventures	1,101	1,710.98	38	1,173.42	27
Contractual joint ventures	145	566.93	30	520.47	21
Solely foreign-owned enterprises	1,495	2,781.73	95	1,261.18	46

Among the FDI projects approved in 2000, 107 were in primary industry, 2334 in secondary industry and 278 in tertiary industry. Hong Kong was the largest source of investment in 2000, investing US$1.43 billion in 472 projects. Korea ranked second, with a total investment of US$980 million in 1,012 projects. The main sources of FDI are provided in Table 7.15.5.

Table 7.15.5: Key sources of FDI, Shandong Province

Source	Number of projects	Contract value (US$ million)
Hong Kong	472	1,430
Republic of Korea	1,012	980
USA	282	830
Taiwan Province	267	420
Japan	250	280
British Virgin Islands	33	250