Utilization of foreign capital

In 2000, Shaanxi province approved 215 FDI contracts with a total contracted investment of US$499.31 million (see Table 7.27.4). This was a slight increase on 1999, attributed to the sharp increase (+144 per cent) in the investment in solely foreign-owned enterprises . The FDI in equity and contractual joint ventures had declined by 43.29 per cent and 11.94 per cent respectively.

Table 7.27.4: Utilization of foreign capital, Shaanxi Province, 1995 and 2000

	Approved contracts			Actual utilization
Mode	Number	Total value (US$ million)	% change over previous year	Total value (US$ million) year's total value	% change over previous year
1995
Direct foreign investment:	272	415.21	0.92	324.07	36
Equity joint ventures	207	302.07		224.40
Contractual joint ventures	26	57.09		43.49
Solely foreign-owned enterprises	39	56.05		56.18
2000
Direct foreign investment:	215	499.31	17.00	288.42	19.00
Equity joint ventures	123	160.77	-43.29	158.02	10.01
Contractual joint ventures	31	224.54	-11.94	91.16	68.85
Solely foreign-owned enterprises	61	114.00	144.00	51.24	15.54

Of the 215 FDI projects approved in 2000, 145 were production-orientated and 70 were non-production- related . The foreign direct investment came mainly from 23 countries and regions . Key sources of FDI are listed in Table 7.27.5.

Table 7.27.5: Key sources of FDI, Shaanxi Province

Source	No. of projects	Amount utilised(US$ million)
Hong Kong	79	134.86
EU	9	26.16
Singapore	7	23.75
Japan	9	23.31
ASEAN	16	14.27
Taiwan	20	8.15
Thailand	7	4.10
Republic of Korea	9	3.72