Utilization of foreign investment

In 2000, 32 FDI contracts were approved in the region. The contracted investment totalled US$99.27 million, an increase of 59.4 per cent over 1999. FDI in contractual joint ventures dropped by 81.4 per cent, while investment in equity joint ventures and wholly foreign- owned enterprises experienced increased by 121.8 per cent and 36.75 per cent respectively (see Table 7.30.4).

Table 7.30.4: Utilization of foreign capital, Ningxia Hui Autonomous Region, 1995

	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:	42	28.78	20	4.20	-42.15
Equity joint ventures	31	18.51		2.70
Contractual joint ventures	2	1.27
Solely foreign-owned enterprises	9	9.00		1.50
2000
Direct foreign investment:	32	99.27	59.4	17.41	68.9
Equity joint ventures	17	17.12	121.8	6.02	-2.4
Contractual joint ventures	4	10.11	-81.4	4.64	52.6
Solely foreign-owned enterprises	11	72.04	36.75	6.74	518.4

Of all these FDI projects, 29 were production-orientated and 3 projects were non-production- related . Foreign direct investments came from 11 countries and regions (see Table 7.30.5).

Table 7.30.5: Key sources of FDI, Ningxia Hui Autonomous Region

Source	No. of projects	Contract value (US$ million)
Hong Kong	13	29.59
USA	8	16.28
Taiwan Province	2	12.12
British Virgin Islands	1	25
Singapore	1	10
Canada	2	0.8

In 2000, the FIEs in the region had generated US$42.89 million, which made up 13 per cent of the region's total export value.