CHINESE INDUSTRIAL GROWTH: OVERALL LEVEL OF INVESTMENT AND ITS relation to general growth rate,
RAND CORP SANTA MONICA CA
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An evaluation is made of the investment ratio and overall economic growth in Communist China during the first five-year plan period, 1952-1957. Estimates of a growth rate between 6 and 9 percent, supported by a massive investment ratio of 25 percent and an industrialization level approaching that of contemporary Japan and the United States, are discussed. The investment ratio and growth rate are revalued to achieve greater comparability with those of other countries.
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