A majority of the fixed assets are held in the
manufacturing sector amounting up to 45, 000 RMB
million, followed by construction and real estate
comprising of 24.6% amounting up to 34, 000 RMB
million. This implies that China is still a
developing economy as most of its fixed assets are
still in the manufacturing sector- secondary stage
of the economy. This proportion is expected to
reduce when China is moving towards a more developed
economy.
