China’s fixed-asset investment declined by 5.7% year-on-year in the first half of 2026, worse than market forecasts of a 4.9% drop and the 4.1% fall recorded in the January-May period. Property investment remained the biggest drag, plunging 18% after a 16.2% decline in January-May, as persistently weak housing demand, tighter financing conditions, and debt burdens among developers continued to weigh on the sector. Investment in infrastructure (-2.4% vs 0.6% in January-May) and manufacturing (-1.2% vs -0.4%) also dropped. Among industries, investment in the primary sector rose at a much slower pace (0.9% vs 5.9%), while investment in the secondary sector (-1.1% vs 0.1%) and tertiary sector (-8.4% vs -6.8%) declined. Excluding the property sector, fixed-asset investment was down by 2.7% in January-June, slipping further from a 1.2% fall in the first five months of the year. On a monthly basis, fixed-asset investment decreased by 0.37% in June, easing from a 1.25% drop in May. source: National Bureau of Statistics of China

Fixed Asset Investment in China decreased to -5.70 percent in June from -4.10 percent in May of 2026. Fixed Asset Investment in China averaged 15.91 percent from 1996 until 2026, reaching an all time high of 53.00 percent in February of 2004 and a record low of -24.50 percent in January of 2020. This page provides - China Fixed Asset Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Fixed Asset Investment - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Fixed Asset Investment in China decreased to -5.70 percent in June from -4.10 percent in May of 2026. Fixed Asset Investment in China is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Fixed Asset Investment is projected to trend around 4.00 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-16 02:00 AM
Fixed Asset Investment (YTD) YoY
May -4.1% -1.6% -2% -2.3%
2026-07-15 02:00 AM
Fixed Asset Investment (YTD) YoY
Jun -5.7% -4.1% -4.9% -4.8%
2026-08-17 02:00 AM
Fixed Asset Investment (YTD) YoY
Jul -5.7%



Components Last Previous Unit Reference
Property Investment -18.00 -16.20 percent Jun 2026

Related Last Previous Unit Reference
14-Day Reverse Repo Rate 1.65 1.65 percent Jun 2026
Banks Balance Sheet 4916216.28 4886518.00 CNY Hundred Million Jun 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jun 2026
Central Bank Balance Sheet 494334.98 483806.92 CNY Hundred Million Jun 2026
Fixed Asset Investment (YTD) YoY -5.70 -4.10 percent Jun 2026
Foreign Exchange Reserves 3416000.00 3442000.00 USD Million Jun 2026
Interbank Rate 1.43 1.43 percent Jul 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jun 2026
Liquidity Injections Via MLF 500.00 600.00 CNY Billion May 2026
Liquidity Injections Via Reverse Repo 450.50 626.00 CNY Billion Jul 2026
Outstanding Loan Growth YoY 5.20 5.50 percent Jun 2026
Loan Prime Rate 5Y 3.50 3.50 percent Jun 2026
Loans To Banks 2797292.43 2781037.72 CNY Hundred Million Jun 2026
Loans to Households 829045.57 826399.82 CNY Hundred Million Jun 2026
Money Supply M0 14736.48 14685.47 CNY Billion Jun 2026
Money Supply M1 118477.55 114889.14 CNY Billion Jun 2026
M2 Money Supply YoY 356709.76 353668.89 CNY Billion Jun 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Jul 2026


China Fixed Asset Investment
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.
Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -4.10 53.00 -24.50 1996 - 2026 percent Monthly
CMLV, NSA

News Stream
China Fixed Investment Drops 5.7%, Worse than Forecast
China’s fixed-asset investment declined by 5.7% year-on-year in the first half of 2026, worse than market forecasts of a 4.9% drop and the 4.1% fall recorded in the January-May period. Property investment remained the biggest drag, plunging 18% after a 16.2% decline in January-May, as persistently weak housing demand, tighter financing conditions, and debt burdens among developers continued to weigh on the sector. Investment in infrastructure (-2.4% vs 0.6% in January-May) and manufacturing (-1.2% vs -0.4%) also dropped. Among industries, investment in the primary sector rose at a much slower pace (0.9% vs 5.9%), while investment in the secondary sector (-1.1% vs 0.1%) and tertiary sector (-8.4% vs -6.8%) declined. Excluding the property sector, fixed-asset investment was down by 2.7% in January-June, slipping further from a 1.2% fall in the first five months of the year. On a monthly basis, fixed-asset investment decreased by 0.37% in June, easing from a 1.25% drop in May.
2026-07-15
China Fixed Investment Falls More Than Expected
China’s fixed-asset investment contracted by 4.1% year-on-year in the January–May 2026 period, exceeding market expectations for a 2.0% decline and worsening from the 1.6% drop recorded in the first four months of the year. Property investment remained the main drag, falling 16.2%, compared with a 13.7% decline in the January–April period, while smaller increases were recorded in infrastructure and manufacturing investment, easing to 0.6% from 4.3% and to 0.4% from 1.2%, respectively. Among industries, investment growth slowed in the primary industry (5.9% vs 10.1%) and the secondary sector (0.1% vs 2.5%), while investment in the tertiary sector fell further (-6.8% vs -4.2%). Excluding the property sector, fixed-asset investment decreased by 1.2% in the first five months of 2026, reversing from a 1.3% increase in the January–April period. On a monthly basis, fixed-asset investment fell by 1.91% in May, slipping further from a 2.36% drop in April.
2026-06-16
China Fixed Investment Drops 1.6% in Jan-Apr
China’s fixed-asset investment decreased by 1.6% year-on-year in the January–April 2026 period, against market expectations of a 1.6% increase and reversing a 1.7% rise in the first quarter. Property investment continued to decline (-13.7% vs -11.2% in January–March), while smaller increases were also recorded in infrastructure (4.3% vs 8.9%) and manufacturing (1.2% vs 4.1%) investment. Among industries, investment growth slowed in the primary industry (10.1% vs 15.9%) and the secondary sector (2.5% vs 5.8%), while investment in the tertiary sector fell further (-4.2% vs -1.0%). Excluding the property sector, fixed-asset investment rose by 1.3% in the first four months, slowing sharply from the 4.8% growth in the first quarter. On a monthly basis, fixed-asset investment dropped by 2.36% in April, following a 0.58% fall in March.
2026-05-18