China's fixed-asset investment increased 5.5 percent from a year earlier to CNY 40.06 trillion in January to August 2019, compared to a 5.7 percent rise in the first seven months of the year and below market consensus of 5.6 percent, as private investment growth eased (4.9 percent vs 5.4 percent in January-July) while public investment rose by 7.1 percent, the same pace as in January – July period. By sector, fixed-asset investment went up softer for mining (26.2 percent vs 27.4 percent), manufacturing (2.6 percent vs 3.3 percent), and water conservancy, environment and public facilities management (2.4 percent vs 2.6 percent). In addition, investment in agriculture, forestry, fishery dropped more than a previous period (-3.0 percent vs -0.9 percent). On the other hand, fixed-asset investment grew faster for transport, storage and postal industry (5.5 percent vs 4.6 percent), while that in utilities rebounded (0.4 percent vs -0.5 percent). Fixed Asset Investment in China averaged 19.57 percent from 1996 until 2019, reaching an all time high of 53 percent in February of 2004 and a record low of 5.30 percent in August of 2018.

Fixed Asset Investment in China is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fixed Asset Investment in China to stand at 5.30 in 12 months time. In the long-term, the China Fixed Asset Investment is projected to trend around 5.30 percent in 2020, according to our econometric models.

China Fixed Asset Investment
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 07:00 AM Fixed Asset Investment (YTD) YoY May 5.6% 6.1% 6.1% 6%
2019-07-15 02:00 AM Fixed Asset Investment (YTD) YoY Jun 5.8% 5.6% 5.6% 5.4%
2019-08-14 02:00 AM Fixed Asset Investment (YTD) YoY Jul 5.7% 5.8% 5.8% 5.9%
2019-09-16 02:00 AM Fixed Asset Investment (YTD) YoY Aug 5.5% 5.7% 5.6% 5.8%
2019-10-18 02:00 AM Fixed Asset Investment (YTD) YoY Sep 5.5% 5.8%
2019-11-14 02:00 AM Fixed Asset Investment (YTD) YoY Oct 5.6%
2019-12-16 02:00 AM Fixed Asset Investment (YTD) YoY Nov 5.6%


China Money Last Previous Highest Lowest Unit
Interest Rate 4.20 4.25 5.77 4.20 percent [+]
Cash Reserve Ratio 13.00 13.00 21.50 6.00 percent [+]
Money Supply M0 7320.00 7268.93 8747.06 17.85 CNY Billion [+]
Money Supply M1 55680.00 55304.31 56769.62 74.51 CNY Billion [+]
Interbank Rate 3.06 3.13 9.89 0.00 percent [+]
Money Supply M2 193550.00 191941.08 193550.00 5840.10 CNY Billion [+]
Central Bank Balance Sheet 360352.90 357952.87 372492.06 34443.90 CNY HML [+]
Banks Balance Sheet 1210.00 1060.00 3230.00 -32.10 CNY Billion [+]
Foreign Exchange Reserves 3107176.00 3103697.00 3993212.72 2262.00 USD Million [+]
Loans to Private Sector 19800.00 10100.00 46015.00 -974.00 CNY HML [+]
Deposit Interest Rate 0.35 0.35 3.15 0.35 percent [+]
Loan Growth 12.40 12.60 34.44 10.60 percent [+]
Lending Rate 4.35 4.35 12.06 4.35 percent [+]
Loans To Banks 1477067.10 1464961.61 1477067.10 413413.10 CNY HML [+]
Reverse Repo Rate 2.55 2.55 4.40 2.25 percent [+]
Fixed Asset Investment 5.50 5.70 53.00 5.30 percent [+]


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. This page provides - China Fixed Asset Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Fixed Asset Investment - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.70 53.00 5.30 1996 - 2019 percent Monthly
CMLV, NSA




Country Last Previous
China 5.50 Aug/19


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