China Fixed Asset Investment

Last Release

Sep 30, 2025

Actual

-0.5

Units In

0.5

Frequency

Monthly

Next Release

Nov 14, 2025

Time to Release

23 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
53 Feb 2004	-24.5 Jan 2020	16.34 %	1996-2025	National Bureau of Statistics of China

In China, urban investment in fixed assets is one of the main measures of capital spending. It refers to investment in construction projects with a total planned investment of 5 million yuan; machinery and equipment and real estate development in both urban and rural areas. It refers to investment made by state-owned enterprises and private businesses, institutions or individuals.

Latest Updates

China’s fixed-asset investment decreased by 0.5% year-on-year in January–September 2025 period, defying market forecasts of a 0.2% rise and reversing a 0.5% increase in the first eight months. The downturn was due to a sharper decline in property investment (-13.9% vs -12.9% in January–August), along with slower growth in infrastructure (1.1% vs 2.0%) and manufacturing (4.0% vs 5.1%). By industry, investment growth moderated in the primary industry (4.6% vs 5.5%) and secondary industry (6.3% vs 7.6%), while investment in the tertiary industry continued to drop (-4.3% vs -3.4%). Excluding the property sector, fixed-asset investment was up by 3.0% in January–September, easing from a 4.2% increase in the first eight months. On a monthly basis, fixed-asset investment fell by 0.07% in September, following a 0.15% drop in August.