China's fixed-asset investment increased 0.8 percent year-on-year to CNY 43.65 trillion in the first nine months of 2020, compared to a 0.3 percent drop in January-August and in line with market consensus, as the economy continued to recover from the pandemic crisis. Public investment rose at a faster 4.0 percent (vs 3.2 percent in January-August) while private investment contracted at a slower 1.5 percent (vs -2.8 percent). Investment in the primary industry expanded 14.5 percent (vs 11.5 percent), and that in the tertiary industry advanced 2.3 percent (vs 1.4 percent) boosted by transport, storage & postal industry, education, health and social work, and recreation & culture activities. Meanwhile, investment in the secondary industry continued to fall (-3.4 percent vs -4.8 percent).

Fixed Asset Investment in China averaged 18.52 percent from 1996 until 2020, reaching an all time high of 53 percent in February of 2004 and a record low of -24.50 percent in February 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 2020. source: National Bureau of Statistics of China

Fixed Asset Investment in China is expected to be 5.10 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 4.50 in 12 months time. In the long-term, the China Fixed Asset Investment is projected to trend around 5.30 percent in 2021, according to our econometric models.

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China Fixed Asset Investment

Actual Previous Highest Lowest Dates Unit Frequency
0.80 -0.30 53.00 -24.50 1996 - 2020 percent Monthly
CMLV, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-16 02:00 AM Jun -3.1% -6.3% -3.3% -3.3%
2020-08-14 02:00 AM Jul -1.6% -3.1% -1.6% -1.2%
2020-09-15 02:00 AM Aug -0.3% -1.6% -0.4% -0.5%
2020-10-19 02:00 AM Sep 0.8% -0.3% 0.8% 0.7%
2020-11-16 02:00 AM Oct 0.8%
2020-12-15 02:00 AM Nov


News Stream
China Fixed Asset Investment Returns to Growth
China's fixed-asset investment increased 0.8 percent year-on-year to CNY 43.65 trillion in the first nine months of 2020, compared to a 0.3 percent drop in January-August and in line with market consensus, as the economy continued to recover from the pandemic crisis. Public investment rose at a faster 4.0 percent (vs 3.2 percent in January-August) while private investment contracted at a slower 1.5 percent (vs -2.8 percent). Investment in the primary industry expanded 14.5 percent (vs 11.5 percent), and that in the tertiary industry advanced 2.3 percent (vs 1.4 percent) boosted by transport, storage & postal industry, education, health and social work, and recreation & culture activities. Meanwhile, investment in the secondary industry continued to fall (-3.4 percent vs -4.8 percent).
2020-10-19
China Fixed Asset Investment Falls Less than Expected
China's fixed-asset investment declined 0.3 percent year-on-year to CNY 37.88 trillion in the first eight months of 2020, compared to a 1.6 percent drop in January-July and better than market consensus of a 0.4 percent decrease, after the economy began to open up and authorities loosened coronavirus-related restriction measures. Private investment decreased 2.8 percent (vs -5.7 percent in January-July) while public investment rose at a softer 3.2 percent (vs 3.8 percent). Investment in the primary industry grew 11.5 percent (vs 7.7 percent), while that in the secondary industry went down 4.8 percent (vs -7.4 percent) on the back of manufacturing. Investment in the tertiary industry advanced more (1.4 percent vs 0.8 percent) due to transport, storage & postal industry; education, health and social work; and recreation & culture activities.
2020-09-15
China Fixed Asset Investment Shrinks 1.6% in Jan-July
China's fixed-asset investment dropped 1.6 percent year-on-year to CNY 32.92 trillion in the first seven months of 2020, compared to a 3.1 percent fall in January-June and in line with market consensus, after the economy began to open up and authorities loosened coronavirus-related restriction measures. Private investment decreased 5.7 percent (vs -7.3 percent in January-June) while public investment rose at a faster 3.8 percent (vs 2.1 percent). Investment in the primary industry grew 7.7 percent (vs 3.8 percent), while that in the secondary industry went down 7.4 percent (vs -8.3 percent) on the back of manufacturing. Investment in the tertiary industry rebounded 0.8 percent (vs -1.0 percent) due to transport, storage & postal industry; education, health and social work; and recreation & culture activities.
2020-08-14
China Fixed Asset Investment Shrinks Less than Expected
China's fixed-asset investment dropped 3.1 percent year-on-year to CNY 28.16 trillion in the first half of 2020, compared to a 6.3 percent fall in January-May and better than market consensus of a 3.3 percent decline, after the economy began to open up and authorities loosened coronavirus-related restriction measures. Private investment decreased 7.3 percent (vs -9.6 percent in January-May) while public investments jumped 2.1 percent (vs -1.9 percent). Investment in the primary industry grew 3.8 percent, after showing no growth in the January-May period; investment in the secondary industry went down 8.3 percent (vs -11.8 percent) on the back of manufacturing; and investment in the tertiary industry shrank 1 percent (vs -3.9 percent) due to transport, storage & postal industry, water conservancy, environment & public facilities, and recreation & culture activities.
2020-07-16

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.