Utilization of foreign capital
In 2000, Guizhou approved a total of 55 FDI contracts, involving a total investment of US$67.38 million. Contracted investment in 2000 increased by less than 1 per cent, only a little more than in 1999. The FDI in solely foreign-owned enterprises more than tripled while investment in contractual joint ventures dropped by 66.7 per cent on a year-on-year basis (see Table 7.24.4).
| Approved contracts | Actual utilization | ||||
|---|---|---|---|---|---|
| Mode | Number | Total value (US$ 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: | 103 | 86.26 | 39.54 | ||
| Equity joint ventures | 59 | 43.9 | 57.03 | ||
| Contractual joint ventures | 4 | 4.28 | |||
| Solely foreign-owned enterprises | 40 | 38.08 | |||
| 2000 | |||||
| Direct foreign investment: | 55 | 67.38 | 0.79 | 25.01 | -38.85 |
| Equity joint ventures | 26 | 30.58 | 80.84 | 16.30 | -48.81 |
| Contractual joint ventures | 9 | 14.90 | -66.70 | 1.21 | -82.83 |
| Solely foreign-owned enterprises | 20 | 21.90 | 321.97 | 7.50 | 280.71 |
Among the 55 FDI projects approved in 2000, 44 were production-orientated while 11 projects were service- related . Foreign direct investments came from 18 countries and regions , with the main ones being Singapore with contracted investment of US$1.01 million, Hong Kong (US$27.40 million), the USA (US$13.09 million), Taiwan Province (US$1.63 million), the British Virgin Islands (US$480,000), France (US$540,000) and Canada (US$5.71 million).
The total export and import value of the operating FIEs in 2000 amounted to US$40.12 million and US$16.78 million respectively.
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