China Fixed Asset Investment1996-2021 Data | 2022-2023 Forecast | Calendar

China's fixed-asset investment soared 25.6 percent year-on-year to CNY 9.6 trillion in the first three months of 2021, slowing from a 35 percent surge in the January-February period but beating market consensus of a 25 percent growth, as the economy continued to recover from the pandemic crisis. Public investment jumped 25.3 percent (vs 32.9 percent in January-February) and private investment advanced by 26 percent (vs 36.4 percent in January-February). The data comes amid a low base last year when fixed-asset investment fell by 16.1 percent, due to the impact of the coronavirus pandemic.

China's fixed-asset investment surged 35 percent year-on-year to CNY 4.52 trillion in January-February 2021, accelerating from a 2.9 percent advance in 2020 but below market consensus of a 40 percent growth, as the economy continued to recover from the pandemic crisis. Public investment jumped 32.9 percent (vs 5.3 percent in 2020) and private investment soared by 36.4 percent (vs 1 percent in 2020). Investment in the primary industry grew 61.3 percent (vs 19.5 percent), and that in the tertiary industry expanded 34.6 percent (vs 3.6 percent) boosted by transport, storage & postal industry; water conservancy, environment and public facilities management industry; education; health and social work; and culture, sports and entertainment industry. Also, investment in the secondary industry jumped 34.1 percent (vs 0.1 percent). In January-February 2020, fixed-asset investment had plunged by a record 24.5 percent due to the coronavirus pandemic.

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).

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).