Guangdong is the top region by gross fixed capital formation in China. As of 2017, gross fixed capital formation in Guangdong was 38,391 100 million yuan that accounts for 8.75% of China's gross fixed capital formation. The top 5 regions (others are Jiangsu, Shandong, Henan, and Zhejiang) account for 36.87% of it. China's total gross fixed capital formation was estimated at 438,806 100 million yuan in 2017.
The description is composed by our digital data assistant.Gross Fixed Capital Formation refers to the value of acquisitions less those disposals of fixed assets during a given period. Fixed assets are the assets produced through production activities with a unit value above a specified amount and which could be used for over one year. Natural assets are not included. Gross fixed capital formation can be categorized into total tangible fixed capital formation and total intangible fixed capital formation. Total tangible fixed capital formation includes the value of the construction projects and installation projects completed and the equipment, apparatus, and instruments purchased (less those disposed of) as well as the value of land improved, the value of draught animals, breeding stock, and animals for milk, for wool and for recreational purposes and the newly increased forest with economic value. Total intangible fixed capital formation includes the prospecting of minerals and the acquisition of computer software minus the disposal of them.
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