China's fixed-asset investment increased 6.3 percent from a year earlier in January to March 2019, compared to 6.1 percent in the first two months of the year and matching market consensus. Public investment rose further (6.7 percent vs 5.5 percent in January-February) while private investment growth eased (6.4 percent from 7.5 percent). By sector, fixed-asset investment rebounded for both utilities (0.7 percent vs -1.4 percent) and water conservancy, environment and public facilities management (1.0 percent vs -0.4 percent). Meanwhile, fixed-asset investment growth slowed for mining (14.8 percent vs 41.4 percent); transport, storage and postal industry (6.5 percent vs 7.5 percent); agriculture, forestry, animal husbandry; fishery (2.8 percent vs 4.0 percent), and manufacturing (4.6 percent vs 5.9 percent). Fixed Asset Investment in China averaged 19.78 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 5.90 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 5.50 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.