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