Doing Business with China
Anhui province received US$636.02 million of foreign direct investment in 247 projects in 2000. Equity joint ventures sharply decreased while contractual and solely foreign-owned ventures recorded significant increases in terms of total contract value (see Table 7.12.4).
| Approved contracts | Actual utilization | ||||
|---|---|---|---|---|---|
| Mode | Number | Total value (US$ 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: | 753 | 1,206 | 482.56 | 30.4 | |
| Equity joint ventures | 538 | 778 | 311.12 | ||
| Contractual joint ventures | 43 | 40 | 16.19 | ||
| Solely foreign-owned enterprises | 172 | 388 | 155.28 | ||
| 2000 | |||||
| Direct foreign investment: | 247 | 636.02 | 13.84 | 318.47 | -11.86 |
| Equity joint ventures | 106 | 59.74 | -80.30 | 119.21 | -59.53 |
| Contractual joint ventures | 27 | 207.84 | 73.94 | 69.65 | 145.68 |
| Solely foreign-owned enterprises | 114 | 368.44 | 171.05 | 129.61 | 237.70 |
Among the foreign direct investment projects approved in 2000, 182 were production-orientated with a total contract value of US$429.95 million, while 65 were in service industries and had a contract value of US$206.07 million. China's Hong Kong and Taiwan provinces were the two largest sources of investment in terms of total contract value (see Table 7.12.5).
| Source | Number of projects | Contract value (US$ million) |
|---|---|---|
| Hong Kong | 69 | 116.21 |
| Taiwan Province | 52 | 75.80 |
| Virgin Islands | 11 | 75.22 |
| USA | 43 | 70.94 |
| Germany | 1 | 46.70 |
| Singapore | 6 | 28.05 |
| Switzerland | 2 | 27.14 |
| Indonesia | 2 | 21.75 |
In 2000, the export value of FIEs reached US$400 million, up by 37.1 per cent over US$291 million in 1999. Their share in the province's total export value rose from 17.4 per cent in 1999 to 18.5 per cent.