Utilization of foreign capital

The total number of FDI contracts approved by Guangxi in 2000 was 246, with a total contract value of US$715.49 million. This represented a moderate increase of 6.2 per cent over 1999. Investment in equity and contractual joint ventures experienced negative growth rates of 35.3 per cent and 17 per cent respectively but the contract value of solely foreign-owned enterprises increased by 83.1 per cent in 2000 (see Table 7.20.4).

Table 7.20.4: Utilization of foreign capital, Guangxi Zhuang Autonomous Region, 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:	571	1,041.71	-10.35	669.52	-17.86
Equity joint ventures	323	538.7		413.67
Contractual joint ventures	76	186.91		104.22
Solely foreign-owned enterprises	172	316.16	-44.26	151.63
2000
Direct foreign investment:	246	715.49	6.2	527.66	-16.9
Equity joint ventures	100	101.57	-35.3	164.13	-30.0
Contractual joint ventures	42	279.63	-17.0	154.77	66.9
Solely foreign-owned enterprises	104	329.36	83.1	184.76	-40.0

In 2000, FDI came from more diversified sources. The percentage of direct investments from Taiwan Province, Hong Kong and Macao declined from 55 per cent in 1999 to 39 per cent, while investments from North America and Latin America were up from 5 per cent and 2 per cent respectively in 1999 to 27 per cent and 17 per cent. The top ten investing countries and regions are listed in Table 7.20.5.

Table 7.20.5: Key sources of FDI, Guangxi Zhuang Autonomous Region

Source of FDI	No. of projects	Contract value (US$ million)
Hong Kong	134	238.54
Canada	2	110.69
Cayman Islands		87.95
USA	24	81.28
Singapore	7	61.79
Taiwan Province	39	36.61
British Virgin Islands	3	34.97
Malaysia	4	31.17
The Philippines	1	28.00
Republic of Korea	5	15.15