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Gross fixed capital formation in current prices

(US dollars)

In 2016, gross fixed capital formation in China was 4,760,264 million US dollars. In the ranking by gross fixed capital formation including 195 countries, China has the 36th rank that is close to the positions of such countries as Chile and the Hong Kong.

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What is gross fixed capital formation?

Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.