Capital formation in Communist China
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Trends in capital formation in Communist China, 1952-1959. Rate of investment, structure of investment by types of capital goods, and the pattern of allocation of fixed investment by major economic sectors are described. To provide a gauge for appraisal of the data, the results are compared with the corresponding estimates for China during the period 1931-1936 and with selected countries in the postwar period. Observations on investment and growth in the 1950s are included, and implications suggested by the statistical findings are discussed.
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