CAPITAL FORMATION IN COMMUNIST CHINA.
RAND CORP SANTA MONICA CALIF
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The paper examines the trends in capital formation in l952-59 and discusses implications suggested by the statistical findings. The term capital formation, or investment for short, is used in the conventional sense. Sections I-III deal with the rate of investment, the structure of investment by types of capital goods, and the pattern of allocation of fixed investment by major economic sectors. To provide a gauge for appraisal of the data, the results are compared with the corresponding estimates for China in 1931-36 and with selected countries in the postwar period. Section IV discusses preliminary observations on investment and growth in Communist China in the 1950s. Author
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