China Fixed Asset Investment

Last Release

Dec 31, 2025

Actual

-3.8

Units In

-2.6

Frequency

Monthly

Next Release

Mar 16, 2026

Time to Release

1 Months 22 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
53 Feb 2004	-24.5 Jan 2020	16.17 %	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 fell by 3.8% in 2025, worse than market forecasts of a 3% drop. This marked the first annual decline since 1989, dragged mainly by a sharp fall in property investment (-17.2%). Infrastructure investment also dropped by 2.2%, while manufacturing investment saw a modest increase of 0.6%. By industry, investment in the primary industry rose by 2.3% and the secondary industry went up by 2.5%, whereas investment in the tertiary industry contracted by 7.4%. Excluding the property sector, fixed-asset investment was down by 0.5% in 2025. On a monthly basis, fixed-asset investment dropped by 1.1% in December, following a 0.4% fall in November.