China's fixed-asset investment dropped 10.3 percent year-on-year to CNY 13.48 trillion in the first four months of 2020, compared to a 16.1 percent plunge in January-March and worse than market consensus of a 10 percent fall, after the easing lockdown. Private investment contracted 13.3 percent (vs -18.8 percent in January-March) and public investments shrank 6.9 percent (vs -12.8 percent). In breakdown, the investment in the primary industry declined 5.4 percent (vs -13.8 percent), dragged by agriculture. The investment in the secondary industry slumped 16 percent (-21.9 percent) on the back of manufacturing, while the investment in the tertiary industry contracted 7.8 percent (vs -13.5 percent) due to transport, storage & postal industry, water conservancy, environment & public facilities, and recreation & culture activities.

Fixed Asset Investment in China averaged 18.90 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 May of 2020. source: National Bureau of Statistics of China

Fixed Asset Investment in China is expected to be 5.30 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
-10.30 -16.10 53.00 -24.50 1996 - 2020 percent Monthly
CMLV, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-17 02:00 AM Dec 5.4% 5.2% 5.2% 5.1%
2020-03-16 02:00 AM Jan-Feb -24.5% 5.4% 2.8% 2.5%
2020-04-17 02:00 AM Mar -16.1% -24.5% -15.1% -18%
2020-05-15 02:00 AM Apr -10.3% -16.1% -10% -12.6%
2020-06-15 02:00 AM May -10.3%
2020-07-16 02:00 AM Jun 5.2%
2020-08-14 02:00 AM Jul
2020-09-15 02:00 AM Aug


News Stream
China Fixed Asset Investment Falls More than Expected
China's fixed-asset investment dropped 10.3 percent year-on-year to CNY 13.48 trillion in the first four months of 2020, compared to a 16.1 percent plunge in January-March and worse than market consensus of a 10 percent fall, after the easing lockdown. Private investment contracted 13.3 percent (vs -18.8 percent in January-March) and public investments shrank 6.9 percent (vs -12.8 percent). In breakdown, the investment in the primary industry declined 5.4 percent (vs -13.8 percent), dragged by agriculture. The investment in the secondary industry slumped 16 percent (-21.9 percent) on the back of manufacturing, while the investment in the tertiary industry contracted 7.8 percent (vs -13.5 percent) due to transport, storage & postal industry, water conservancy, environment & public facilities, and recreation & culture activities.
2020-05-15
China Fixed Asset Investment Slumps in Q1
China's fixed-asset investment dropped 16.1 percent year-on-year to CNY 8.41 trillion in the first quarter of 2020, compared to a 24.5 percent plunge in January-February and worse than market consensus of a 15.1 percent fall, amid the coronavirus pandemic. Private investment contracted 18.8 percent (vs -26.4 percent in January-February) and public investment shrank 12.8 percent (vs -23.1 percent). In breakdown, the investment in the primary industry declined 13.8 percent (vs -25.6 percent), dragged by agriculture. The investment in the secondary industry slumped 21.9 percent (-28.2 percent) on the back of manufacturing, while the investment in the tertiary industry contracted 13.5 percent (vs -23 percent) due to transport, storage & postal industry, water conservancy, environment & public facilities, education, health & social services, and recreation & culture activities.
2020-04-17
China Fixed Asset Investment Shrinks for 1st Time
China's fixed-asset investment tumbled 24.5 percent year-on-year to CNY 0.33 trillion in the first two months of 2020, compared to a 5.4 percent rise in 2019 full year and missing market consensus of 2.8 percent gain, amid spreading COVID-19 outbreak. Private investment contracted 26.4 percent and public investment shrank 23.1 percent. In breakdown, the investment in the primary industry plunged 25.6 percent, dragged by agriculture. The investment in the secondary industry slumped 28.2 percent on the back of manufacturing and power, while the investment in the tertiary industry contracted 23 percent due to transport, storage & postal industry, water conservancy, environment & public facilities, education, health & social services, and recreation & culture activities.
2020-03-16
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
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.