China’s fixed-asset investment rose by 1.7% year-on-year in the first quarter of 2026, falling short of market expectations for a 1.9% increase. The latest reading was slightly weaker than the 1.8% rise in the first two months. Property investment declined further, falling by 11.2% (compared with an 11.1% drop in January–February), partly offsetting gains in infrastructure (8.9%) and manufacturing (4.1%) investment. Among industries, investment in the primary sector climbed by 15.9% and the secondary sector grew by 5.8%, while investment in the tertiary sector dropped by 1.0%. Excluding the property sector, fixed-asset investment went up by 4.8% in the January–March period. On a monthly basis, fixed-asset investment increased by 0.52% in March, slowing from a 0.99% rise in February. source: National Bureau of Statistics of China

Fixed Asset Investment in China decreased to 1.70 percent in March from 1.80 percent in February of 2026. Fixed Asset Investment in China averaged 16.09 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 April of 2026.

Fixed Asset Investment in China decreased to 1.70 percent in March from 1.80 percent in February of 2026. Fixed Asset Investment in China is expected to be 1.30 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-16 02:00 AM
Fixed Asset Investment (YTD) YoY
Jan-Feb 1.8% -3.8% -0.4% -3.0%
2026-04-16 02:00 AM
Fixed Asset Investment (YTD) YoY
Mar 1.7% 1.8% 1.9% 2.0%
2026-05-18 02:00 AM
Fixed Asset Investment (YTD) YoY
Apr 1.7%

Components Last Previous Unit Reference
Property Investment -11.20 -11.10 percent Mar 2026

Related Last Previous Unit Reference
14-Day Reverse Repo Rate 1.65 1.65 percent Mar 2026
Banks Balance Sheet 4887417.16 4849457.45 CNY Hundred Million Mar 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Mar 2026
Central Bank Balance Sheet 491398.71 499862.79 CNY Hundred Million Mar 2026
Fixed Asset Investment (YTD) YoY 1.70 1.80 percent Mar 2026
Foreign Exchange Reserves 3342000.00 3428000.00 USD Million Mar 2026
Interbank Rate 1.42 1.43 percent Apr 2026
Loan Prime Rate 1Y 3.00 3.00 percent Apr 2026
Liquidity Injections Via MLF 500.00 900.00 CNY Billion Mar 2026
Liquidity Injections Via Reverse Repo 43.50 218.50 CNY Billion Apr 2026
Outstanding Loan Growth YoY 5.70 6.00 percent Mar 2026
Loan Prime Rate 5Y 3.50 3.50 percent Apr 2026
Loans To Banks 2779181.40 2749358.27 CNY Hundred Million Mar 2026
Loans to Households 835681.33 830772.39 CNY Hundred Million Mar 2026
Money Supply M0 14708.28 15143.64 CNY Billion Mar 2026
Money Supply M1 119320.30 115925.88 CNY Billion Mar 2026
M2 Money Supply YoY 347190.00 340294.81 CNY Billion Jan 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Mar 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
1.70 1.80 53.00 -24.50 1996 - 2026 percent Monthly
CMLV, NSA

News Stream
China Fixed Investment Growth Below Forecasts
China’s fixed-asset investment rose by 1.7% year-on-year in the first quarter of 2026, falling short of market expectations for a 1.9% increase. The latest reading was slightly weaker than the 1.8% rise in the first two months. Property investment declined further, falling by 11.2% (compared with an 11.1% drop in January–February), partly offsetting gains in infrastructure (8.9%) and manufacturing (4.1%) investment. Among industries, investment in the primary sector climbed by 15.9% and the secondary sector grew by 5.8%, while investment in the tertiary sector dropped by 1.0%. Excluding the property sector, fixed-asset investment went up by 4.8% in the January–March period. On a monthly basis, fixed-asset investment increased by 0.52% in March, slowing from a 0.99% rise in February.
2026-04-16
China Fixed Investment Rebounds
China’s fixed-asset investment increased by 1.8% in the January-February 2026 period, defying market expectations of a 0.4% fall. This followed a 3.8% drop in 2025, which marked the first annual decline since 1989 amid a sharp property downturn and tighter restrictions on local government borrowing. In the first two months of the year, infrastructure investment grew by 11.4% and manufacturing investment rose by 3.1%, more than offsetting an 11.1% drop in property investment. By industry, investment in the primary industry surged by 17.4% and the secondary industry increased by 5.4%, while investment in the tertiary industry decreased by 0.4%. Excluding the property sector, fixed-asset investment climbed by 5.2% in the January-February period. On a monthly basis, fixed-asset investment rose by 0.4% in February, marking the second consecutive month of growth, although slowing from a 1.3% increase in January.
2026-03-16
China Fixed Investment Falls 3.8%, Worse than Forecast
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.
2026-01-19