Understanding PRC Investment Statistics

54 Pages Posted: 20 Feb 2020

See all articles by Carsten A. Holz

Carsten A. Holz

Hong Kong University of Science & Technology (HKUST) - Division of Social Science

Multiple version iconThere are 2 versions of this paper

Date Written: 2020

Abstract

Investment statistics of the People's Republic of China are a source of many puzzles. Some investment data are of dubious quality, while the particular concepts of investment and their changing definitions over time are often poorly understood. Fixed asset investment, a remnant of the planned economy, comes with severe limitations in terms of data coverage and compilation. Detailed sector data are available, but only for a repeatedly changing subset. Gross fixed capital formation, an alternative investment measure based on the national accounts, may be more reliable but only the most aggregate data are available. The researcher or policy-maker in need of investment data encounters a veritable minefield of data issues that this paper helps navigate.

Keywords: fixed asset investment, gross fixed capital formation, newly increased fixed assets, national accounts, Chinese statistics, data falsification

JEL Classification: E220, C820, O530

Suggested Citation

Holz, Carsten A., Understanding PRC Investment Statistics (2020). CESifo Working Paper No. 8110, Available at SSRN: https://ssrn.com/abstract=3541459

Carsten A. Holz (Contact Author)

Hong Kong University of Science & Technology (HKUST) - Division of Social Science ( email )

Division of Social Science
Clear Water Bay
Clear Water Bay, Kowloon
Hong Kong

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
17
Abstract Views
135
PlumX Metrics