China's fixed-asset investment increased 2.9 percent year-on-year to CNY 51.91 trillion in 2020, compared to a 2.6 percent growth in January-November but below market consensus of a 3.2 percent growth, as the economy continued to recover from the pandemic crisis. Public investment jumped 5.3 percent, after increasing by 5.6 percent in January-November, and public investment continued to rise (1 percent vs 0.2 percent). Investment in the primary industry grew 19.5 percent (vs 18.2 percent), and that in the tertiary industry expanded 3.6 percent (vs 3.5 percent) boosted by transport, storage & postal industry, education, health and social work, and culture, sports and entertainment industry. Also, investment in the secondary industry rebounded slightly (0.1 percent vs -0.7 percent). source: National Bureau of Statistics of China

Fixed Asset Investment in China averaged 18.34 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 February of 2021.

Fixed Asset Investment in China is expected to be 3.20 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 5.30 in 12 months time. In the long-term, the China Fixed Asset Investment is projected to trend around 5.30 percent in 2022, according to our econometric models.

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China Fixed Asset Investment

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.60 53.00 -24.50 1996 - 2020 percent Monthly
CMLV, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-19 02:00 AM Sep 0.8% -0.3% 0.8% 0.7%
2020-11-16 02:00 AM Oct 1.8% 0.8% 1.6% 1.5%
2020-12-15 02:00 AM Nov 2.6% 1.8% 2.6% 2.7%
2021-01-18 02:00 AM Dec 2.9% 2.6% 3.2% 3.2%
2021-03-15 02:00 AM Jan-Feb 2.9%
2021-04-16 02:00 AM Mar
2021-05-17 02:00 AM Apr
2021-06-16 02:00 AM May


News Stream
China Fixed Asset Investment Rises Less than Estimated
China's fixed-asset investment increased 2.9 percent year-on-year to CNY 51.91 trillion in 2020, compared to a 2.6 percent growth in January-November but below market consensus of a 3.2 percent growth, as the economy continued to recover from the pandemic crisis. Public investment jumped 5.3 percent, after increasing by 5.6 percent in January-November, and public investment continued to rise (1 percent vs 0.2 percent). Investment in the primary industry grew 19.5 percent (vs 18.2 percent), and that in the tertiary industry expanded 3.6 percent (vs 3.5 percent) boosted by transport, storage & postal industry, education, health and social work, and culture, sports and entertainment industry. Also, investment in the secondary industry rebounded slightly (0.1 percent vs -0.7 percent).
2021-01-18
China Fixed Asset Investment Growth Matches Estimates
China's fixed-asset investment increased 2.6 percent year-on-year to CNY 49.96 trillion in the first eleven months of 2020, compared to a 1.8 percent growth in January-October and matching market consensus, as the economy continued to recover from the pandemic crisis. Public investment rose at a faster 5.6 percent (vs 4.9 percent in January-October) while private investment were up 0.2 percent, rebounding from a 0.7 fall in January - October. Investment in the primary industry expanded 18.2 percent (vs 17.3 percent), and that in the tertiary industry advanced 3.5 percent (vs 3.0 percent) boosted by transport, storage & postal industry, education, health and social work. In addition, investment in the secondary industry declined much less (-0.7 percent vs -2.1 percent).
2020-12-15
China Fixed Asset Investment Rises More than Expected
China's fixed-asset investment increased 1.8 percent year-on-year to CNY 48.39 trillion in the first ten months of 2020, compared to a 0.8 percent growth in January-September and beating market consensus of 1.6 percent, as the economy continued to recover from the pandemic crisis. Public investment rose at a faster 4.9 percent (vs 4.0 percent in January-September) while private investment contracted at a slower 0.7 percent (vs -1.5 percent). Investment in the primary industry expanded 17.3 percent (vs 14.5 percent), and that in the tertiary industry advanced 3.0 percent (vs 2.3 percent) boosted by transport, storage & postal industry, education, health and social work, and recreation & culture activities. In addition, investment in the secondary industry declined less (-2.1 percent vs -3.4 percent).
2020-11-16
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
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.