Utilization of foreign capital

Jiangxi province approved 272 FDI projects in 2000, with a total contract value of US$264.78 million, a 24.64 per cent decline against 1999. Apart from a moderate increase in the contract value of contractual joint ventures, both equity joint ventures and solely foreign-owned enterprises had experienced negative rates of growth (see Table 7.14.4).

Table 7.14.4: Utilization of foreign capital, Jiangxi 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:	522	539.66	37.82	288.18	10.13
Equity joint ventures	295	274.05		176.52
Contractual joint ventures	33	570.37		30.36
Solely foreign-owned enterprises	194	208.04		81.30
2000
Direct foreign investment:	272	264.78	-24.64	227.24	-29.16
Equity joint ventures	111	96.9	-17.03	98.18	-14.27
Contractual joint ventures	21	37.49	5.49	22.00	-65.32
Solely foreign-owned enterprises	140	130.39	-26.97	107.06	-25.05

Of the FDI projects approved in 2000, 195 were production-oriented, accounting for 71.69 per cent, and 77 (28.31 per cent) were non-production related .

Contracted foreign direct investment came from 33 countries and regions . The top six investors were Hong Kong (US$145.82 million), which accounted for 55.07 per cent of the total investment value; Taiwan (US$36.60 million), USA (US$23.32 million), Macao (US$9.61 million), Japan (US$8.35 million) and Republic of Korea (US$5.48 million).

In 2000, 85 foreign-financed enterprises had begun operation. By the end of the year, 5,217 FIEs had been approved, of which 1,541 were in operation. These FIEs generated US$162.98 million export earnings, an increase of 63.16 per cent over US$99.89 million in 1999. Their percentage in terms of total provincial export value rose from 11.02 per cent in 1999 to 13.61 per cent in 2000.