China’s fixed-asset investment fell by 7.2% year-on-year in the January-September 2026 period, matching the decline recorded in the first eight months of the year but slightly less than market forecasts for a 7.3% drop. Property investment remained the biggest drag, plunging 20.6% compared with a 19.9% decline in January-August, amid subdued housing demand, declining property prices, and ongoing financing challenges for developers. Infrastructure investment contracted further (-4.2% vs -4%), while manufacturing investment fell at a slower pace (-2.1% vs -2.3%). Investment also continued to decline across all three sub-industries: primary industry (-3.9% vs -2.4%), secondary industry (-2.7% vs -2.9%), and tertiary industry (-10% vs -9.9%). Excluding the property sector, fixed-asset investment decreased by 4.2% in the first nine months of the year, unchanged from its drop in January-August. Monthly, fixed-asset investment edged up by 0.07% in September, after a 0.55% fall in August. source: National Bureau of Statistics of China

Fixed Asset Investment in China remained unchanged at -7.20 percent in September. Fixed Asset Investment in China averaged 15.71 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 October of 2026.

Fixed Asset Investment in China remained unchanged at -7.20 percent in September. Fixed Asset Investment in China is expected to be -5.00 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
2026-09-15 02:00 AM
Fixed Asset Investment (YTD) YoY
Aug -7.2% -6.7% -7.2% -6.6%
2026-10-19 02:00 AM
Fixed Asset Investment (YTD) YoY
Sep -7.2% -7.2% -7.3% -6.5%
2026-11-16 02:00 AM
Fixed Asset Investment (YTD) YoY
Oct -7.2%



Components Last Previous Unit Reference
Property Investment -20.60 -19.90 percent Sep 2026

Related Last Previous Unit Reference
14-Day Reverse Repo Rate 1.65 1.65 percent Sep 2026
Banks Balance Sheet 4966190.92 4936948.06 CNY Hundred Million Sep 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Sep 2026
Central Bank Balance Sheet 505003.29 498567.28 CNY Hundred Million Sep 2026
Fixed Asset Investment (YTD) YoY -7.20 -7.20 percent Sep 2026
Foreign Exchange Reserves 3400251.00 3438325.00 USD Million Sep 2026
Interbank Rate 1.42 1.43 percent Oct 2026
Loan Prime Rate 1Y 3.00 3.00 percent Oct 2026
Liquidity Injections Via MLF 800.00 500.00 CNY Billion Sep 2026
Liquidity Injections Via Reverse Repo 0.00 80.00 CNY Billion Oct 2026
Outstanding Loan Growth YoY 4.80 4.90 percent Sep 2026
Loan Prime Rate 5Y 3.50 3.50 percent Oct 2026
Loans To Banks 2803108.85 2791815.89 CNY Hundred Million Sep 2026
Loans to Households 822369.11 822435.57 CNY Hundred Million Sep 2026
Money Supply M0 15016.91 14831.20 CNY Billion Sep 2026
Money Supply M1 116756.38 115774.14 CNY Billion Sep 2026
M2 Money Supply YoY 359628.97 356808.36 CNY Billion Sep 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Sep 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
-7.20 -7.20 53.00 -24.50 1996 - 2026 percent Monthly
CMLV, NSA

News Stream
China Fixed Investment Falls Slightly Less than Expected
China’s fixed-asset investment fell by 7.2% year-on-year in the January-September 2026 period, matching the decline recorded in the first eight months of the year but slightly less than market forecasts for a 7.3% drop. Property investment remained the biggest drag, plunging 20.6% compared with a 19.9% decline in January-August, amid subdued housing demand, declining property prices, and ongoing financing challenges for developers. Infrastructure investment contracted further (-4.2% vs -4%), while manufacturing investment fell at a slower pace (-2.1% vs -2.3%). Investment also continued to decline across all three sub-industries: primary industry (-3.9% vs -2.4%), secondary industry (-2.7% vs -2.9%), and tertiary industry (-10% vs -9.9%). Excluding the property sector, fixed-asset investment decreased by 4.2% in the first nine months of the year, unchanged from its drop in January-August. Monthly, fixed-asset investment edged up by 0.07% in September, after a 0.55% fall in August.
2026-10-19
China Fixed Investment Falls as Expected
China’s fixed-asset investment declined by 7.2% year-on-year in the January-August 2026 period, matching market expectations and following a 6.7% drop in the first seven months of the year. Property investment remained the biggest drag, slumping 19.9% (vs -19.2% in January-July), amid weak housing demand, falling home prices and persistent financing constraints among developers. Investment in infrastructure (-4% vs -3.6%) and manufacturing (-2.3% vs -1.7%) also dropped further. Investment also continued to fall across all three major industries: the primary sector (-2.4% vs -0.5%), the secondary sector (-2.9% vs -2.1%), and the tertiary sector (-9.9% vs -9.5%). Excluding the property sector, fixed-asset investment fell by 4.2% in the first eight months of the year, after a 3.7% decline in January-July. On a monthly basis, fixed-asset investment decreased by 0.5% in August, slowing from a 1.37% drop in July.
2026-09-15
China Fixed Investment Drops More Than Expected
China’s fixed-asset investment dropped by 6.7% year-on-year in the January to July 2026 period, worse than market expectations for a 6.2% fall and the 5.7% decline recorded in the first half of the year. Property investment remained the biggest drag, plunging 19.2% after an 18% decline in January-June, while infrastructure investment (-3.6% vs -2.4%) and manufacturing investment (-1.7% vs -1.2%) also decreased. Among industries, investment in the primary sector decreased 0.5% after rising 0.9%, while investment in the secondary sector (-2.1% vs -1.1%) and in the tertiary sector (-9.5% vs -8.4%) fell at a faster pace. Excluding the property sector, fixed-asset investment was down by 3.7% in January-July, slipping further from a 2.7% drop in the first six months of the year. On a monthly basis, fixed-asset investment decreased by 1.42% in July, accelerating from a 0.37% fall in the preceding period.
2026-08-17