Perspective and Countermeasures of the Problems of Three-funded Enterprises in Guangzhou

Abstract

In the 12 years since the reform and opening up, Guangzhou's foreign-funded enterprises have developed rapidly. From 1979 to June 1991, 2,056 foreign-funded enterprises in the city established 2,056 projects, with a contractual utilization of foreign capital of nearly 3.27 billion US dollars and an actual utilization of foreign capital of 1.07 billion US dollars. In 1990, the total industrial output value of the three foreign-funded enterprises in the city reached 6.598 billion yuan, and the export value was 350 million US dollars, accounting for 42.2% of the city's total foreign trade export value. It has become one of the main forces for developing an export-oriented economy. However, due to lack of experience, there are still many contradictions and problems in the development of foreign-funded enterprises. Book