Ningbo attracted US$959.51 million worth of foreign direct investment in 2000, which was an increase of 44.91 per cent over 1999 (see Table 7.38.4). A total of 550 FDI contracts were approved in the year.
Approved contracts | Actual utilization | ||||
---|---|---|---|---|---|
Mode | Number | Total value (US$ 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: | 496 | 1,146.30 | 48.58 | 339.09 | 11.44 |
Equity joint ventures | 327 | 805.68 | 235.13 | ||
Contractual joint ventures | 41 | 71.13 | 37.96 | ||
Solely foreign-owned enterprises | 128 | 269.49 | 126.00 | ||
2000 | |||||
Direct foreign investment: | 550 | 959.51 | 44.91 | 621.86 | 19.51 |
Equity joint ventures | 280 | 191.37 | -13.19 | 239.32 | -10.57 |
Contractual joint ventures | 20 | 123.65 | 113.37 | 107.46 | 56.65 |
Solely foreign-owned enterprises | 250 | 636.49 | 68.29 | 275.08 | 49.39 |
Among the foreign direct investment projects, 444 were production-orientated and 106 non-production- related . Foreign direct investment came from 40 countries and regions . The top five investors are shown in Table 7.38.5.
Source of | FDI No.Projects | of Contract value (US$ million) |
---|---|---|
Hong Kong | 152 | 228.65 |
Taiwan Province | 108 | 110.76 |
USA | 95 | 110.17 |
British Virgin Islands | 23 | 92.51 |
Japan | 55 | 80.43 |
By the end of 2000, a total of 1813 foreign invested enterprises had been put into operation. These FIEs employed around 226,100 people and their sales revenue reached RMB41.734 billion, of which an equivalent of US$1.35335 billion was generated through independent export. Reported profit was RMB295,500.