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. source: National Bureau of Statistics of China

Fixed Asset Investment in China decreased to -7.20 percent in August from -6.70 percent in July of 2026. Fixed Asset Investment in China averaged 15.78 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 September of 2026.

Fixed Asset Investment in China decreased to -7.20 percent in August from -6.70 percent in July of 2026. Fixed Asset Investment in China is expected to be -6.50 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
2026-08-17 07:00 AM
Fixed Asset Investment (YTD) YoY
Jul -6.7% -5.7% -6.2% -5.0%
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% -6.5%



Components Last Previous Unit Reference
Property Investment -19.90 -19.20 percent Aug 2026

Related Last Previous Unit Reference
14-Day Reverse Repo Rate 1.65 1.65 percent Aug 2026
Banks Balance Sheet 4936948.06 4915100.33 CNY Hundred Million Aug 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Aug 2026
Central Bank Balance Sheet 498567.28 502068.47 CNY Hundred Million Aug 2026
Fixed Asset Investment (YTD) YoY -7.20 -6.70 percent Aug 2026
Foreign Exchange Reserves 3438325.00 3418776.00 USD Million Aug 2026
Interbank Rate 1.43 1.43 percent Sep 2026
Loan Prime Rate 1Y 3.00 3.00 percent Aug 2026
Liquidity Injections Via MLF 500.00 500.00 CNY Billion Jun 2026
Liquidity Injections Via Reverse Repo 463.30 162.00 CNY Billion Sep 2026
Outstanding Loan Growth YoY 4.90 5.10 percent Aug 2026
Loan Prime Rate 5Y 3.50 3.50 percent Sep 2026
Loans To Banks 2791815.89 2791672.86 CNY Hundred Million Aug 2026
Loans to Households 822435.57 824443.26 CNY Hundred Million Aug 2026
Money Supply M0 14831.20 14820.29 CNY Billion Aug 2026
Money Supply M1 115774.14 115462.30 CNY Billion Aug 2026
M2 Money Supply YoY 356808.36 355507.72 CNY Billion Aug 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Aug 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 -6.70 53.00 -24.50 1996 - 2026 percent Monthly
CMLV, NSA

News Stream
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
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