Reestimating the capital stock of China

Capital stock is the basis of macroeconomic research, yet, China is no official announcement of the capital stock data, so, In order to improve the reliability and accuracy of follow-up study, by reviewing and comparing the existing research results in China, the author gives a method of calculating the capital stock by input-output table, And the author calculates the fixed capital stock of china and industrial sectors from 1986 to 2007 by PIM, further, compares the estimation results with the existing research. The capital-output ratio test shows that China is going through a capital deepening process. Further, by analyzing the capital stock of industrial sectors, we draw a conclusion, since the mid-90s, China´s major industrial sectors have emerged in the process of capital deepening, but after the 1998, there was no capital deepening phenomenon.