China's fixed-asset investment declined 6.3 percent year-on-year to CNY 19.92 trillion in the first five months of 2020, compared to a 10.3 percent tumble in January-April and worse than market consensus of a 5.9 percent fall, after the economy began to open up and authorities loosened coronavirus-related restriction measures. Private investment plunged 9.6 percent (vs -13.3 percent in January-April) and public investments dropped 1.9 percent (vs -6.9 percent). In breakdown, the investment in the primary industry showed no growth, after declining by 5.4 percent in the January-April period. The investment in the secondary industry plunged 11.8 percent (vs -16 percent) on the back of manufacturing, while the investment in the tertiary industry shrank 3.9 percent (vs -7.8 percent) due to transport, storage & postal industry, water conservancy, environment & public facilities, and recreation & culture activities.
Fixed Asset Investment in China averaged 18.81 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 July of 2020. source: National Bureau of Statistics of China
Fixed Asset Investment in China is expected to be -3.60 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.