Utilization of foreign capital

The total of contracted foreign investment in 2000 went up by 54.12 per cent over 1999 to US$2,662.21 million. This amount was spread over 1128 investment projects (see Table 7.35.4). Solely foreign-owned enterprises outnumbered the other two forms of FDI in terms of both the number of FDI contracts and contracted value of investment.

Table 7.35.4: Utilization of foreign capital, Qingdao City, 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:	718	1,467.34	22	593.08	13
Equity joint ventures	260	399.98		182.79
Contractual joint ventures	45	147.74		36.83
Solely foreign-owned enterprises	412	798.42		367.24
2000
Direct foreign investment:	1,128	2,662.21	54.12	1,307.97	42.57
Equity joint ventures	303	698.89	26.42	451.34	64.78
Contractual joint ventures	57	268.35	38.59	74.52	28.26
Solely foreign-owned enterprises	767	1,693.70	72.64	782.11	33.60

In 2000, foreign investment came from 54 countries and regions . The top ten investors are shown in Table 7.35.5:

Table 7.35.5: Key sources of FDI

Source	No. of projects	Contract value (US$ million)
Republic of Korea	560	664.78
Hong Kong	132	581.57
USA	82	411.75
Taiwan Province	92	201.05
Canada	23	164.3
Japan	106	153.6
British Virgin Islands	14	147.16
Mauritius	3	93.79
Germany	19	72.16
Spain	1	25.3

A total of 3328 foreign investment enterprises were put into operation in the city, employing a total of 330,000 people. The export value of these enterprises was US$4.438 billion in 2000.