China Fixed Asset Investment

Last Release

Jul 31, 2025

Actual

1.6

Units In

2.8

Frequency

Monthly

Next Release

Sep 15, 2025

Time to Release

29 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
53 Feb 2004	-24.5 Jan 2020	16.44 %	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 increased by 1.6% year-on-year in January–July 2025 period, much less than market expectations of a 2.7% rise, compared to the 2.8% growth in the first six months. The contraction in property investment worsened, slumping 12%. Investment growth also eased in infrastructure (3.2% vs 4.6% in January–June) and manufacturing (6.2% vs 7.5%). By industry, investment rose at slower pace in the primary industry (5.6% vs 6.5%) and the secondary industry (8.9% vs 10.2%), while investment in the tertiary industry continued to fall (-2.3% vs -1.1%). Excluding the property sector, fixed-asset investment grew by 5.3% in January–July, following a 5.1% increase in the first six months. On a monthly basis, fixed-asset investment dropped by 0.6% in July, reversing a 0.1% gain in June.