Introduction to Foreign Investment in the Mining Industry

According to office statistics, China's mining industry attracted foreign investments in 162 projects, accounting for 0.72 percent of the nation's total in 2000. The contractual value was US$506.4 million, accounting for 0.81 percent of the nation's total. The mining industry saw a 24.26- and 57.16-percent increase respectively in these two aspects compared to 1999. Actual utilized foreign investment in the industry totaled US$583 million, accounting for 1.43 percent of the nation's total. The average investment in the project amounted to US$3.126 million, 26 percent higher than in 1999.

In 2001, China's mining industry attracted foreign investments in 149 projects, 8.02 percent lower than in the previous year. The contract value was US$644.48 million, an increase of 27.27 percent over 2000. The average investment in the project was US$4.325 million, 34.3 percent more than in 2000.

In 2002, China's mining industry attracted foreign investments in 164 projects, up 10.07 percent over the previous year. The contract value was US$380.88 million, a drop of 40.9 percent over the previous year. The average investment in the project was US$2.322 million, 46.4 percent less than in 2001.