Utilization of foreign capital

The city approved 38 foreign direct investment projects in 2000 with a contracted investment of US$95.69 million, an increase of 36.14 per cent year on year. The FDI in equity and contractual joint ventures dropped while that in solely foreign-owned enterprises rose by 174.07 per cent (see Table 7.42.4).

Table 7.42.4: Utilization of foreign capital, Zhanjiang 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:	145	515.15		185.29
Equity joint ventures
Contractual joint ventures
Solely foreign-owned enterprises
2000
Direct foreign investment:	38	95.69	36.14	89.61	19.32
Equity joint ventures	12	17.30	-8.13	22.01	-35.77
Contractual joint ventures	7	8.94	-65.77	21.82	63.94
Solely foreign-owned enterprises	19	69.45	174.07	45.78	66.35

Foreign investment came from eight countries and regions (see Table 7.42.5)

Table 7.42.5: Key sources of FDI, Zhanjiang City

Source	No. of projects	Contract value (US$ million)
Hong Kong	20	73.46
Singapore	3	13.06
Taiwan Province	6	5.48
Canada	2	3.15
USA	3	1.11
Australia	2	1.06
British Virgin Islands	1	1.05
Israel	1	0.3