In
accordance with The Guiding List Concerning Foreign- Funded Industries,
jointly published by the State Development Planning Commission,
the State Trade and Economic Commission and the MOFTEC, foreign
investors are encouraged to invest in the following fields of agriculture,
which include transformation of fields with low or medium output,
vegetables (including edible mushrooms and sweet watermelons), fruits,
the harmless planting, exploitation and production of tea and related
products, exploitation and production of materials for producing
sugar, fruit trees, flowers, pasture and other high-tech techniques
and new high-tech species (except those involving gene transformation),
production of flowers and construction and management of the nursery
for plants, returning esparto of the agricultural planting to the
fields and its full use, exploitation and development of organic
fertilizer resources, planting and raising of the Chinese medicinal
materials (confined to equity joint venture and contractual joint
venture), planting of natural rubber, sisal hemp and coffee. Foreign
investment is restricted in the following fields of agriculture,
which include development and production of grain crops (including
potatoes), cotton, seeds of oil-bearing crops (with Chinese party
holding the share). Foreign investment is prohibited in the following
fields of agriculture, which include producing the unique breeds
of China with qualified genes.
From the beginning
of reform and opening up to the end of 1998, there were 9392 projects
making use of foreign investment, with a contractual value of
US$18.018 billion, including 150 projects of foreign loans (involving
preferential loans) with a contractual value of US$6.751 billion,
accounting for 42.8% of the total foreign investment, 7915 projects
of foreign investment (involving the capital from Chinese Hong
Kong, Macao and Chinese Taiwan) with a contractual value of US$8
billion, accounting for 50.9%, and 407 projects of foreign aid
with a contractual value of US$1 billion, accounting for 6.3%
of the total.
During the
period of four years from 1999 to 2002, the foreign-invested projects
totaled 2047 with a contractual value of US$3.209 billion. The
projects for each year were 456, 484, 536 and 571 respectively,
with a growth rate of 6.53% in 2002 over the previous year, and
a growth rate of 10.74% in 2001 over the previous year and a growth
rate of 6.14% in 2000 over the previous year. And contractual
value for each year was US$0.761 billion, US$0.692 billion, US$0.962
billion and US$0.794 billion respectively, with a decreasing rate
of 17.49% in 2002 over the previous year, and a growth rate of
38.91% in 2001 over the previous year and a decreasing rate of
9% in 2000 over the previous year. See the chart below for reference.
From 1999 to 2002, the projects using foreign investment in the
planting industry totaled 1420 with a contractual value of US$2.062
billion. The projects for each year were 312, 398, 310 and 400
respectively, with a growth rate of 33.78% in 2002 over the previous
year, and a decreasing rate of 22.11% in 2001 over the previous
year and a growth rate of 27.56% in 2000 over the previous year.
The contractual value of each year were US$0.446 billion, US$0.551
billion, US$0.386 billion and US$0.562 respectively, with a growth
rate of 45.62% in 2002 over the previous year, and a decreasing
rate of 8.77% in 2001 over the previous year, and a growth rate
of 23.60% in 2000 over the previous year. See the Chart below
for reference.
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