Utilization of foreign capital

Dalian approved 697 FDI contracts in 2000, with a total contracted investment of US$2.386 billion, a slight decrease by 3 per cent as compared with 1999.

The city's FDI in 2000 was characterized by a dominant number of solely foreign-owned enterprises (see Table 7.32.4).

Table 7.32.4: Utilization of foreign capital, Dalian City, 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:	1,073	2,203.28	2.42	709.62	-12.91
Equity joint ventures	663	1,040.01		440.80
Contractual joint ventures	175	328.34		81.24
Solely foreign-owned enterprises	235	834.93		187.58
2000
Direct foreign investment:	697	2,386	-3	1,112	38
Equity joint ventures	34	1,217	-7.0	565	38
Contractual joint ventures	60	153	-4.1	95	12
Solely foreign-owned enterprises	603	1,015	9.8	452	70

Among the FDI projects approved in 2000, 485 projects were of production-orientated and 212 projects were non-production- related . FDI came from 32 countries and regions. The main investing countries and regions are set out in Table 7.32.5.

Table 7.32.5: Key sources of FDI, Dalian City, 2000

Source	No. of projects	Total value (US$ million)
Japan	185	538
Republic of Korea	139	200
USA	115	476
Hong Kong and Macao	104	540
Taiwan Province	49	160

By the end of 2000, 3930 foreign-invested enterprises had begun operation. The output value of the operating FIEs totalled RMB59 billion, an increase of 30 per cent, while profit totalled RMB3.5 billion, up by 600 per cent. Export value came to US$4.12 billion, up by 36.3 per cent.