Shandong is the top region by changes in inventories in China. As of 2017, changes in inventories in Shandong was 1,709 100 million yuan that accounts for 13.47% of China's changes in inventories. The top 5 regions (others are Guangdong, Jiangsu, Zhejiang, and Fujian) account for 44.81% of it. China's total changes in inventories was estimated at 12,689 100 million yuan in 2017.
The description is composed by our digital data assistant.Change in Inventories refers to the market value of the change in the physical volume of inventory of resident units during a given period, i.e.the difference between the values at the beginning and at the end of the period minus the gains due to the change in price. The changes in inventories can have a positive or negative value. A positive value indicates an increase in inventory while a negative value indicates a decrease in inventory. The inventory includes raw materials, fuels, and reserve materials purchased by the production units as well as the inventory of finished products, semi-finished products, and work-in-progress.
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