China's fixed-asset investment increased 5.4 percent year-on-year to CNY 55.15 trillion in 2019, compared to a 5.2 percent rise in the first eleven months and above market consensus of 5.2 percent. Private investment expanded 4.7% (vs 4.5% in Jan-Nov) and public investment grew 6.8% (vs 6.9%). Investment in high-tech industries jumped 17.3%, with the FAI in high-tech manufacturing and service sectors up 17.7% and 16.5%, respectively. In breakdown, the investment in the primary industry gained 0.6% (vs -0.1%), boosted by agriculture (0.7% vs flat reading). The investment in the secondary industry went up 3.2% (vs 2.4%) supported by manufacturing (3.1% vs 2.5%) and power (4.5% vs 3.6%); while the investment in the tertiary industry expanded 6.5% (vs 6.7%) on the back of transport, storage and postal industry (3.4% vs 4.3%) and water conservancy, environment and public facilities (2.9% vs 2.8%).
Fixed Asset Investment in China averaged 19.30 percent from 1996 until 2019, reaching an all time high of 53 percent in February of 2004 and a record low of 5.20 percent in October of 2019. This page provides - China Fixed Asset Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau of Statistics of China
Fixed Asset Investment in China is expected to be 5.50 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 5.70 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.