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US$18.8 billion, representing an increase of about 63% over a year earlier (17),
12.
•
(d) Financial developments in China
China continued to actively
international
organisations for
seek funds from
financing its economic
development. Major items of loans and technical assistance granted to China by the Asian Development Bank (ADB) during the fourth quarter of 1992 are given below:
Approval Date
Amount
29 Oct
Technical
17 Nov
18 Nov
3 Dec
assistance of US$560,000
A loan of
US$85 million and a technical assistance of US$1.2 million
Technical
assistance of US$600,000
Technical assistance of US$595,000
Purpose
To provide forestry management training
For the Yanpu Bridge Project over the Hung Fu River in Shanghai
To facilitate the Ping Hu Gas Development Project
To develop fishery and coastal marine resources in East China Sea
(17)
By end-1991, the cumulative total value of realised foreign capital (direct investment and loans) in China amounted to US$79.6 billion, of which US$23.3 billion was direct foreign investment. These represented 66% and 45% respectively of their corresponding pledged values of US$121 billion and US$52.3 billion. For Guangdong Province, the total realised value of foreign capital (direct investment and loans) amounted to US$14.9 billion by end-1991, of which US$8 billion was direct foreign investment.
As regards Hong Kong's investment in China, the cumulative value of realised direct investment was estimated at around US$16 billion by end-1991, accounting for about 70% of the overall direct foreign investment in China.
For Guangdong Province, the corresponding figures were US$6 billion and about 80%.
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