Utilization of foreign capital

Among the foreign direct investment projects, 64 were production-orientated and 14 were non-production- related . The main sources of FDI are provided in Table 7.28.5.

Table 7.28.4: Utilization of foreign capital, Gansu 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:	156	199.76	140.67	99.59	14.78
Equity joint ventures	82	154.57	226.92	77.60	5.64
Contractual joint ventures	7	5.55	-24.69	2.76	-61.77
Solely foreign-owned enterprises	67	39.64	39.82	19.77	-39.24
2000
Direct foreign investment:	78	123.92	50	6235	78
Equity joint ventures	42	70.36	490	4880	470
Contractual joint ventures	7	22.09	-54	659	-76
Solely foreign-owned enterprises	29	31.47	29	696	43

Table 7.28.5: Key sources of FDI, Gansu Province

Source	No. of projects	Contract value (US$ million)
Hong Kong	21	20.40
Thailand	1	5.78
Singapore	2	6.5
Japan	8	0.74
Republic of Korea	4	18.23
Israel	2	8.06
Canada	4	3.99

By the end of 2000, the 465 foreign- funded enterprises in production had yielded a total output of US$8.6 billion, a total profit of US$240 million and export value of US$38.7 million.