TNAG-1458-FCO40-1982-Relations-between-Hong-Kong-and-China-1986 — Page 74

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the Ministry of Foreign Economic Relations and Trade

(MOFERT) or other offices with delegated authority for

approval. The foreign partners are required to conduct feasibility studies, and the findings have to be submitted

to the approving organizations for consideration.

22.

In 1985, the Chinese authorities set out a list

of 39 types of foreign investment projects which are given priority, and of 12 types of foreign investment projects

which are to be discouraged by the state. These are

Annex III detailed in Annex III. ́

G.F. 326

Growth and development of joint ventures since 1979

23.

Notwithstanding some data gaps, a few general observations can be made on the growth and development of Sino-foreign joint ventures during the past seven years. As indicated in the following tables, the number of joint ventures grew rapidly in the past seven years, as did the

amount of committed investment:

By end of

Number of joint ventures approved

Equity joint

ventures

Contractual

joint ventures

1981*

1982**

40

400

83

792

1983***

188

1,047

#

1984

931

2,212

##

1985

2,300

3,700

###

June 1986

2,645

4,075

Sources:

*

**

Almanac of China's Economic Affairs

China Newsletter No. 48

***

China Newsletter No. 51

#

##

###

Asian Perspectives dated March 1986

Ta Kung Pao dated 30.1.86

Hong Kong Economic Journal dated 31.7.86

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