Utilization of foreign capital


In 2000, Chongqing approved 190 foreign-invested projects, an increase of 12.4 per cent over 1999, with contracted foreign investment dropping by 29.5 per cent against 1999 (see Table 7.22.4). The foreign investment actually utilised achieved a fractional increase of 2.3 per cent, to US$244.4 million.

Table 7.22.4: Utilization of foreign capital, Chongqing, 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

2000

Direct foreign investment:

190

357.16

-29.54

244.36

2.27

     Equity joint ventures

80

77.31

-72.29

158.73

-3.83

     Contractual joint ventures

19

65.42

-48.72

24.24

101.83

Solely foreign-owned enterprises

91

213.85

113.08

61.39

-0.78

Among these FDI projects, 111 were engaged in production activities, and 79 projects were in other operations.

Foreign direct investments came from 35 countries and regions . The top five investors and the value of the foreign capital involved were as follows :

The total export value of the operating FIEs reached US$97.94 million, up by 57.56 per cent over 1999. Total profit and tax reached a combined RMB1.160 billion, up by 21.96 per cent. Foreign- related tax revenue totalled RMB2.19 billion, accounting for 23.57 per cent of the municipality's total tax revenue.

Table 7.22.5: Key sources of FDI, Chongqing, 2000

Source

No. of projects

Contract value(US$ million)

Hong Kong

82

227.64

British Virgin Islands

6

29.18

Taiwan Province

32

28.04

Bahamas

2

12.96

USA

17

9.72




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