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). source: National Bureau of Statistics of China
Fixed Asset Investment in China averaged 18.46 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 November of 2020.
Fixed Asset Investment in China is expected to be 5.10 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 4.50 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.