Utilization of foreign capital

Xinjiang approved 58 FDI contracts in 2000, with a total contracted investment of US$92.12 million, an increase of 49.76 per cent over 1999. The FDI actually utilized in the year, however, dropped by 20 per cent compared with 1999 (see Table 7.31.4).

Table 7.31.4: Utilization of foreign capital, Xinjiang Uygur Autonomous Region, 1995

	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:	114	91.72	6.79		13.66
Equity joint ventures	91	55.47		54.90
Contractual joint ventures	8	1.24		29.87
Solely foreign-owned enterprises	15	34.56		18.28
2000
Direct foreign investment:	58	92.12	49.76	19.23	-20
Equity joint ventures	34	31.20		15.58
Contractual joint ventures	5	25.36		0.69
Solely foreign-owned enterprises	19	35.56		2%

Among the 58 FDI contracts, 42 were production- related , accounting for 72.41 per cent, and 16 were non-production-orientated projects, accounting for 27.59 per cent.

Foreign direct investment came from 18 countries and regions (see Table 7.31.5)

Table 7.31.5: Key sources of FDI, Xinjiang Uygur Autonomous Region

Source	No. of projects	Contract value (US$ million)
Hong Kong	23	58.04
Taiwan Province	4	3.56
Thailand	1	1.55
Malaysia	1	0.55
Japan	3	1.71
Turkey	1	0.13
Republic of Korea	2	5.22
Germany	1	6.13
UK	1	0.08
Sweden	1	0.35
Switzerland	1	0.07
Russia	1	0.15
British Virgin Islands	2	1.96
Kazakhstan	2	0.16
Kirgizstan	1	0.02
Canada	3	10.2
USA	8	2.08
Australia	3	0.16

In 2000, FIEs generated a total foreign exchange earning of US$103.17 million through export, down 12.40 per cent compared with US$117.77 million in 1999 and accounting for 16.23 per cent of the total export earnings of the region.