In 2016, real gross capital formation for China was 4,474,681 million US dollars. Between 1997 and 2016, real gross capital formation of China grew substantially from 655,087 million to 4,474,681 million US dollars rising at an increasing annual rate that reached a maximum of 19.13 % in 2003 and then decreased to 6.32 % in 2016.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Gross capital formation (also known as gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress'. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.