Utilization of foreign capital

Foreign direct investment increased by 27.1 per cent in 2000. However, the rate of increase in the total contract value of equity and contractual joint ventures was negative while the FDI in wholly foreign-owned enterprises increased sharply by 243.5 per cent.

Major sources of foreign direct investment ( classified by amount) are shown in Table 7.2.5.

Table 7.2.5: Sources of foreign direct investment, Tianjin

Source	No. of projects	Contract value (US$ million)
USA	149	2,128
Hong Kong	94	1,652
Japan	47	188
Republic of Korea	162	120
Taiwan Province	51	45

Distribution of FDI projects by sector is shown in Table 7.2.6.

Table 7.2.6: Distribution of FDI projects by sector, Tianjin

Sector	No. of projects	Value of foreign investment (US$)
Agriculture	12	3.34
million Industrial and construction	398	3.981 billion
Real estate and public service	5	87 million
Communications and transportation	2	65 million
Retail, food services and material supplies	202	461 million
Other	7	1.31 million

The total value of foreign-invested enterprises in 2000 was RMB121.664 billion, an increase of 25.6 per cent on 1999. By the end of 2000, a total of 13,615 foreign-invested enterprises had been approved, involving a total contract value of US$39.272 billion, of which contractual foreign capital comprised US$31.346 billion, while the total of foreign capital actually used amounted to US$15.881 billion.