China Fixed Asset Investment

Last Release

Oct 31, 2024

Actual

3.4

Units In

3.4

Frequency

Monthly

Next Release

Dec 16, 2024

Time to Release

29 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
53 Feb 2004	-24.5 Jan 2020	16.77 %	1996-2024	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 rose by 3.4% year-on-year in January to October 2024, slightly less than market expectations of a 3.5% growth. Investment growth in the secondary sector remained steady (at 12.3%), with increases in mining (13.2%), manufacturing (9.3%), and electricity, heat, gas, and water production and supply (24.1%). Meanwhile, investments in the primary (2.5% vs 2.3% in January to September) and the tertiary (4.3% vs 4.1%) sectors went up. However, real estate investment declined by 10.3% from a year earlier in the first ten months of the year. On a monthly basis, fixed investment grew by 0.16% in October, slowing from a 0.54% rise in the previous month.