Capital formation in Communist China

by K. C. Yeh


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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.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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