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.


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China Fixed Asset Investment

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.20 53.00 5.20 1996 - 2019 percent Monthly
CMLV, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 02:00 AM Sep 5.4% 5.5% 5.4% 5.8%
2019-11-14 02:00 AM Oct 5.2% 5.4% 5.4% 5.5%
2019-12-16 02:00 AM Nov 5.2% 5.2% 5.2% 5.1%
2020-01-17 02:00 AM Dec 5.4% 5.2% 5.2% 5.1%
2020-03-16 02:00 AM Jan-Feb 5.4% 5%
2020-04-17 02:00 AM Mar 5.5%
2020-05-15 02:00 AM Apr
2020-06-15 02:00 AM May


News Stream
China 2019 Fixed Asset Investment Beats Forecasts
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%).
2020-01-17
China Fixed Asset Investment Growth Matches Estimates
China's fixed-asset investment increased 5.2 percent year-on-year to CNY 53.37 trillion in January to November 2019, the same pace as in the first ten months of the year, and matching market consensus. It remained the weakest reading on record, as public investment growth eased (6.9 percent vs 7.4 percent in Jan-Oct) while private investment rose further (4.5 percent vs 4.4 percent). By sector, fixed-asset investment advanced at a faster pace for mining (25.3 percent vs 25.1 percent); water conservancy, environment and public facilities (2.8 percent vs 2.7 percent); and utilities (3.6 percent vs 1.9 percent). On the other hand, fixed-asset investment growth slowed for manufacturing (2.5 percent vs 2.6 percent); transport, storage and postal industry (4.3 percent vs 4.6 percent); while agriculture showed no growth (vs -2.2 percent).
2019-12-16
China Fixed Asset Investment Growth Weakest on Record
China's fixed-asset investment increased 5.2 percent year-on-year to CNY 51.09 trillion in January to October 2019, compared to a 5.4 percent rise in the first nine months of the year, missing market consensus of 5.4 percent gain. This was the weakest reading on record, as private investment growth slowed (4.4% vs 4.7% in Jan-Sept) while public investment growth was little-changed (7.4% vs 7.3%). By sector, fixed-asset investment advanced softer for mining ( 25.1% vs 26.2%), transport, storage and postal industry (4.6% vs 4.7%), water conservancy, environment and public facilities (2.7% vs 3.5%), while fell more in agriculture (-2.2% vs -2.1%). On the other hand, fixed-asset investment grew faster for manufacturing (2.6% vs 2.5% ) and utilities (1.9% vs 0.4%).
2019-11-14
China Fixed Asset Investment Growth Slows
China's fixed-asset investment increased 5.4 percent from a year earlier to CNY 46.12 trillion in January to September 2019, compared to a 5.5 percent rise in the first eight months of the year and matching market consensus, as private investment growth eased (4.7 pct vs 4.9 pct in January-August) while public investment rose further (7.3 percent from 7.1 percent). By sector, fixed-asset investment advanced at a softer pace for manufacturing (2.5 pct vs 2.6 pct); and transport, storage and postal industry (4.7 pct vs 5.5 pct). Meantime, fixed-asset investment growth was unchanged for both mining (at 26.2 pct), and utilities (at 0.4 pct). On the other hand, fixed-asset investment grew faster for water conservancy, environment and public facilities management (3.5 pct vs 2.4 pct), while fell less in agriculture, forestry, fishery (-2.1 pct vs -3.0 pct).
2019-10-18

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.