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.