Utilization of foreign capital

Foreign direct investment in the city dropped by 5.1 per cent in 2000. Total contracted investment was US$269.93 million and there were 81 approved FDI projects (see Table 7.46.4).

Table 7.46.4: Utilization of foreign capital, Shantou 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:	393	1,264.67	3.58	802.92	15.08
Equity joint ventures	96	290.52		158.11
Contractual joint ventures	138	533.26		315.68
Solely foreign-owned enterprises	159	440.89		329.13
2000
Direct foreign investment:	81	269.93	-5.1	165.61	-75.1
Equity joint ventures	17	29.87	-27.2	47.43	-87.5
Contractual joint ventures	8	64.97	-44.2	39.58	-75.0
Solely foreign-owned enterprises	56	175.08	38.1	78.60	-37.4

Foreign investment came from 13 countries and regions . The leading sources were: Hong Kong (US$116.26 million in 50 projects), Taiwan Province (US$11.07 million in 10 projects), Singapore (US$72.90 million in 5 projects), British Virgin Islands (US$45.31 million in 4 projects) and Australia (US$1.03 million in 3 projects)

In 2000, foreign-invested enterprises (FIEs) had a total output value of RMB15.244 billion, up by 11.9 per cent on 1999 and contributing 18.7 per cent to Shantou's gross industrial output value. The sales/ business revenue was RMB14.76 billion, a growth of 11 per cent and export value totalled US$710 million, up by 5.7 per cent from that of the previous year.