Utilization of foreign capital

The city attracted less foreign investment in 2000 than in 1999. Contracted investment was down by 7 per cent to US$102.2 million. A total of 116 contracts were approved in the year (see Table 7.36.3).

Among the FDI projects, 103 projects were production- orientated and 13 were non-production- related . Foreign investment came from 17 countries and regions . Key sources are shown in Table 7.36.4.

Table 7.36.4: Utilization of foreign capital, Lianyungang 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:	279	261.12	93.21	69.74	20.14
Equity joint ventures	27	158.38
Contractual joint ventures	11	8.97
Solely foreign-owned enterprises	51	98.77
2000
Direct foreign investment:	116	102.2	-7	47.7	2
Equity joint ventures	53	34.12		25.61
Contractual joint ventures	3	13.52		1.44
Solely foreign-owned enterprises	60	54.38		20.65

In 2000, an additional 52 foreign- funded enterprises were in production. The total value of foreign earnings generated by FIEs in 2000 reached US$102.27 million, up by 11 per cent over US$91.90 million in 1999 and accounting for 26 per cent of the city's total export value.

Table 7.36.5: Key sources of FDI, Lianyungang City

Source of FDI	No. of projects	Contract value (US$million)
Hong Kong	25	15.86
Japan	16	6.61
Taiwan Province	14	3.78
Republic of Korea	23	2.99
USA	19	2.57
Germany	2	2.04