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Sources: The Library of Congress Country Studies; CIA World Factbook
    << Back to China Economy

    Since 1949 China has devoted a large percentage of investment to industry. By 1983 investment in industry was approximately 57 percent of investment in fixed assets. In 1984 about -Y44 billion (for value of yuan---Y--see Glossary), or roughly 30 percent of total state expenditures, was slated for capital construction. In 1981 the leadership attempted to limit uncontrolled, excessive investment in capital construction. The results were not especially positive--partly because of reinvestment by enterprises allowed to retain profits, and partly because of foreign investment.

    To supplement domestic sources of capital, China's leadership began allowing virtually all forms of foreign loans and credit by the end of 1979. By early 1980, the country had access to the equivalent of almost US$30 billion in foreign loans and credits termed through 1985. The Chinese also sought foreign capital by encouraging joint-venture projects between Chinese and foreign enterprises (see Foreign Trade , ch. 8). But, in early 1986, foreign companies viewed China as a high-cost and high-risk investment area. In 1985 US$8.5 billion worth of foreign capital had been committed, compared to only $US500 million in the first quarter of 1986.

    Data as of July 1987

    NOTE: The information regarding China on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of China SUPPLIES OF INDUSTRIAL RESOURCES information contained here. All suggestions for corrections of any errors about China SUPPLIES OF INDUSTRIAL RESOURCES should be addressed to the Library of Congress and the CIA.

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Revised 10-Nov-04
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