Utilization of foreign capital


As one of the most dynamic local economies in China, Jiangsu province has maintained its attraction to foreign investors. In 2000, the province approved 2,645 FDI projects with a total contract value of US$10.6 billion, an increase of 52.3 per cent on 1999 (see Table 7.9.4).

Table 7.9.4: Utilization of foreign capital, Jiangsu 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:

4,086

12,411.29

55.08

4844.57

15.02

Equity joint ventures

2,907

6,115.10

 

3,191.18

 

Contractual joint ventures

272

713.3

 

363.14

 

Solely foreign-owned enterprises

907

5,582.89

 

1,290.25

 

2000

Direct foreign investment:

2,645

10,613.01

52.3

6,266.69

0.3

Equity joint ventures

1,115

3,437.34

 

2,268.21

 

Contractual joint ventures

117

569.66

 

343.46

 

Solely foreign-owned enterprises

1,413

6,605.71

 

3,810.14

 

Among the FDI projects approved in 2000, 2,329 were production-oriented while 316 were for service- oriented projects. Distribution of the FDI projects by sector is shown in Table 7.9.5.

Table 7.9.5: Distribution of FDI project by sector, Jiangsu Province

Sector

Number of projects

Garment

316

Electronics and telecommunications

279

Textile

163

Metallic products

163

Chemical raw materials & chemical products

154

Electronic machinery & equipment

133

General machinery

118

Special-purpose equipment

112

Plastic products

103

Non-metallic mineral products 96 Transportation equipment

96

Cultural, education & sports products 88 Food processing

85

Property development

56

Computer application

50

Other

633

Hong Kong and Taiwan were the key sources of FDI in the province in 2000. Hong Kong was first both in terms of the number of projects and total contract value. A list of FDI origins is provided in Table 7.9.6.

Table 7.9.6: Key sources of FDI, Jiangsu Province

Source

Number of projects

Contract value (US$ million)

Hong Kong

589

2,192

Taiwan

588

1,014

USA

343

910

Japan

259

800

Republic of Korea

151

237

Virgin Islands

144

1,422

Singapore

81

378

Germany

49

1,346

Cayman Islands

24

420

Samoa

30

252

UK

37

238

Italy

17

228

By the end of 2000, there were over 18,000 foreign- invested enterprises in Jiangsu province, with a total investment of over US$75 billion.




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

flylib.com © 2008-2017.
If you may any questions please contact us: flylib@qtcs.net