China's fixed-asset investment declined 0.3 percent year-on-year to CNY 37.88 trillion in the first eight months of 2020, compared to a 1.6 percent drop in January-July and better than market consensus of a 0.4 percent decrease, after the economy began to open up and authorities loosened coronavirus-related restriction measures. Private investment decreased 2.8 percent (vs -5.7 percent in January-July) while public investment rose at a softer 3.2 percent (vs 3.8 percent). Investment in the primary industry grew 11.5 percent (vs 7.7 percent), while that in the secondary industry went down 4.8 percent (vs -7.4 percent) on the back of manufacturing. Investment in the tertiary industry advanced more (1.4 percent vs 0.8 percent) due to transport, storage & postal industry; education, health and social work; and recreation & culture activities.
Fixed Asset Investment in China averaged 18.58 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 September of 2020. source: National Bureau of Statistics of China
Fixed Asset Investment in China is expected to be 0.70 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 4.90 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.