Utilization of foreign direct investment

Foreign direct investment in the province increased by 32.3 per cent in terms of total contract value in 2000. 363 FDI projects were approved in that year (see Table 7.7.4).

Table 7.7.4: Utilization of foreign capital, Jilin Province, 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:	667	857.34	3.8	398.76	25.3
Equity joint ventures	375	629.39		354.59
Contractual joint ventures	53	59.53		17.76
Solely foreign-owned enterprises	239	168.42		26.41
2000
Direct foreign investment:	363	596.15	32.3	337.01	11.89
Equity joint ventures	121	192.38	-24.3	224.31	10.69
Contractual joint ventures	24	143.08	150.6	44.37	196.8
Solely foreign-owned enterprises	218	260.69	87.0	68.33	-18.7

Foreign direct investment came from 53 countries and regions . South Korea ranked first in terms of the total number of projects while Hong Kong invested the most (see Table 7.6.5).

Table 7.6.5: Key sources of FDI, Jilin Province, 2000

Source	No. of projects	Contract value (million US$)
Republic of Korea	194	83.48
Hong Kong	56	181.94
Japan	24	20.46
USA	30	95.61
Taiwan Province	16	40.64
Singapore	6	22.16

By the end of 2000, 3,782 foreign- funded enterprises had been approved in Jilin province. Among these enterprises, 2966 were in production. To classify by sector, 137 were in agriculture, forestry, animal husbandry and fisheries, 30 in the mining industry, 2,589 in the manufacturing industry, 15 in power, gas and water producing and supplying, 195 in the construction industry, 153 in wholesale, retail and food services and 396 in social services. In 2000, the total sales revenue from foreign-invested enterprises came to RMB31.71 billion.