China Fixed Asset Investment
China's fixed-asset investment (excluding rural households) is an indicator reflecting the injection of capital into infrastructure, factories, and real estate.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | 06-2023 | 05-2023 | 04-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Monthly investment | 3,395.8 | 4,785.8 | 3,721.9 | 3,858.5 | 4,998.7 | 4,115.1 | 3,512.1 | 3,737.9 | 4,542.4 | 3,788.2 | 3,957.5 | 5,670.7 | 4,492.3 | 4,385 | 5,055.5 | 4,853.5 | 4,261.7 | 4,424.4 | 4,959.3 | 4,177.4 | 4,222 | 5,738.5 | 4,460.5 | 4,335.9 | 4,919.5 | 4,222.2 | 4,140.5 | 4,437.4 | 4,799.3 | 4,114.4 | 4,278.5 | 5,429.8 | 4,133.3 | 4,020 | ||||
| Year-to-date investment | 26,032.8 | 22,637 | 17,851.2 | 14,129.3 | 10,270.8 | 5,272.1 | 48,518.6 | 44,403.5 | 40,891.4 | 37,153.5 | 32,611.1 | 28,822.9 | 24,865.4 | 19,194.7 | 14,702.4 | 10,317.4 | 5,261.9 | 51,437.4 | 46,583.9 | 42,322.2 | 37,897.8 | 32,938.5 | 28,761.1 | 24,539.1 | 18,800.6 | 14,340.1 | 10,004.2 | 5,084.7 | 50,303.6 | 46,081.4 | 41,940.9 | 37,503.5 | 32,704.2 | 28,589.8 | 24,311.3 | 18,881.5 | 14,748.2 | |
| Total fixed asset investment (excluding rural households)2 | -6.7 | -5.7 | -4.1 | -1.6 | 1.7 | 1.8 | -3.8 | -2.6 | -1.7 | -0.5 | 0.5 | 1.6 | 2.8 | 3.7 | 4 | 4.2 | 4.1 | 3.2 | 3.3 | 3.4 | 3.4 | 3.4 | 3.6 | 3.9 | 4 | 4.2 | 4.5 | 4.2 | 3 | 2.9 | 2.9 | 3.1 | 3.2 | 3.4 | 3.8 | 4 | 4.7 | |
| State-controlled Sector | -3.3 | -2.3 | -0.4 | 2.5 | 7.1 | 7.7 | -2.5 | -1.1 | 0.1 | 1 | 2.3 | 3.5 | 5 | 5.9 | 6.2 | 6.5 | 7 | 5.7 | 6.1 | 6.2 | 6.1 | 6 | 6.3 | 6.8 | 7.1 | 7.4 | 7.8 | 7.3 | 6.4 | 6.5 | 6.7 | 7.2 | 7.4 | 7.6 | 8.1 | 8.4 | 9.4 | |
| Private investment | -9.4 | -8.5 | -7.1 | -5.2 | -2.2 | -2.6 | -6.4 | -5.3 | -4.5 | -3.1 | -2.3 | -1.5 | -0.6 | 0 | 0.2 | 0.4 | 0 | -0.1 | -0.4 | -0.3 | -0.2 | -0.2 | 0 | 0.1 | 0.1 | 0.3 | 0.5 | 0.4 | -0.4 | -0.5 | -0.5 | -0.6 | -0.7 | -0.5 | -0.2 | -0.1 | 0.4 | |
| Construction and installation | -9.2 | -8 | -6.6 | -4.4 | -0.4 | 0.6 | -8.4 | -6.4 | -5.4 | -4.1 | -2.2 | -0.8 | 0.1 | 1.2 | 1.4 | 1.5 | 1.1 | 3.5 | 3.5 | 3.6 | 3.5 | 3.4 | 3.6 | 3.8 | 3.8 | 4.2 | 4.6 | 4.3 | 2.1 | 2.1 | 2.2 | 2.4 | 2.4 | 2.6 | 3.2 | 3.5 | 3.7 | |
| Equipment and tool acquisitions | 9 | 8.1 | 9.3 | 11.5 | 13.9 | 11.5 | 11.8 | 12.2 | 13 | 14 | 14.4 | 15.2 | 17.3 | 17.3 | 18.2 | 19 | 18 | 15.7 | 15.8 | 16.1 | 16.4 | 16.8 | 17 | 17.3 | 17.5 | 17.2 | 17.6 | 17 | 6.6 | 6.7 | 6.6 | 6.8 | 6.8 | 6.6 | 6.9 | 6.4 | 5 | |
| Other costs | -10.9 | -8.9 | -6.4 | -3.4 | -1.7 | -1.9 | -2.3 | -2.5 | -1.5 | -0.2 | -0.9 | -0.2 | 1.3 | 2.4 | 2.3 | 2.4 | 3.6 | -4.2 | -4.1 | -3.9 | -3.3 | -3.5 | -3.1 | -2.5 | -2 | -1.9 | -2.1 | -2.4 | 3.1 | 3.1 | 2.9 | 3.1 | 3.4 | 3.5 | 3.6 | 4 | 7.1 | |
| Primary Sector (agriculture, forestry, fishery) | -0.5 | 0.9 | 5.9 | 10.1 | 15.9 | 17.4 | 2.3 | 2.7 | 2.9 | 4.6 | 5.5 | 5.6 | 6.5 | 8.4 | 13.2 | 16 | 12.2 | 2.6 | 2.4 | 2.5 | 2.3 | 2.9 | 3.3 | 3.1 | 3 | 1.9 | 1 | -5.7 | -0.1 | -0.2 | -1.3 | -1 | -1.3 | -0.9 | 0.1 | 0.1 | 0.3 | |
| Secondary Sector (industry, construction) | -2.1 | -1.1 | 0.1 | 2.5 | 5.8 | 5.4 | 2.5 | 3.9 | 4.8 | 6.3 | 7.6 | 8.9 | 10.2 | 11.4 | 11.7 | 11.9 | 11.4 | 12 | 12 | 12.2 | 12.3 | 12.1 | 12.5 | 12.6 | 12.5 | 13 | 13.4 | 11.9 | 9 | 9 | 9 | 9 | 8.8 | 8.5 | 8.9 | 8.8 | 8.4 | |
| Third Sector (Services) | -9.5 | -8.4 | -6.8 | -4.2 | -1 | -0.4 | -7.4 | -6.3 | -5.3 | -4.3 | -3.4 | -2.3 | -1.1 | -0.4 | -0.2 | 0.1 | 0.7 | -1.1 | -1 | -0.9 | -0.7 | -0.8 | -0.7 | -0.2 | 0 | 0.3 | 0.8 | 1.2 | 0.4 | 0.3 | 0.4 | 0.7 | 0.9 | 1.2 | 1.6 | 2 | 3.1 | |
| Agriculture, forestry, animal husbandry and fishery | -1.1 | 0.8 | 5.4 | 9.3 | 15.2 | 16.6 | -0.8 | 0.3 | 1.2 | 3.6 | 5.3 | 6 | 6.7 | 9.1 | 13.4 | 15.8 | 14 | 6.4 | 5.9 | 5.6 | 5.2 | 5.2 | 5.2 | 4.8 | 4.7 | 3.8 | 3.1 | -5.7 | 1.2 | 0.9 | 0.1 | 0.5 | 0.2 | 0.7 | 2 | 2 | 2.6 | |
| Mining and quarrying | 3.3 | 5.9 | 6.2 | 11.1 | 15 | 13 | 2.5 | 4 | 3.8 | 3.7 | 3 | 3 | 3.4 | 5.8 | 6.3 | 5.6 | 4.7 | 10.5 | 10.3 | 13.2 | 13.2 | 15.6 | 19.3 | 17 | 17.7 | 21.3 | 18.5 | 14.4 | 2.1 | 1.3 | 1.4 | 1.6 | 2 | 2 | 0.8 | 1.5 | -2.2 | |
| Manufacturing13 | -1.7 | -1.2 | -0.4 | 1.2 | 4.1 | 3.1 | 0.6 | 1.9 | 2.7 | 4 | 5.1 | 6.2 | 7.5 | 8.5 | 8.8 | 9.1 | 9 | 9.2 | 9.3 | 9.3 | 9.2 | 9.1 | 9.3 | 9.5 | 9.6 | 9.7 | 9.9 | 9.4 | 6.5 | 6.3 | 6.2 | 6.2 | 5.9 | 5.7 | 6 | 6 | 6.4 | |
| Agricultural and food processing | -3 | -1.9 | 0.5 | 2.6 | 5.5 | 11.2 | 9.2 | 9.6 | 10.7 | 14.3 | 16.9 | 17.8 | 18.4 | 17.7 | 18.4 | 18.6 | 17.4 | 18 | 18.2 | 18.8 | 19.4 | 19.6 | 21.2 | 21.8 | 21.4 | 19.2 | 17.4 | 13.6 | 7.7 | 6.9 | 7.1 | 6.5 | 6.8 | 7 | 6.4 | 8.1 | 5.8 | |
| Food manufacturing | -9.4 | -8.1 | -6.5 | -4.5 | 0.7 | 4.7 | 2.2 | 2.3 | 5.9 | 10.8 | 13.9 | 15.4 | 16 | 16.1 | 16.6 | 18 | 21 | 22.9 | 24.5 | 23.5 | 23.5 | 26.1 | 26.8 | 27 | 29.7 | 27.8 | 19 | 22.5 | 12.5 | 10.1 | 8.9 | 7.5 | 2.8 | 2 | 1.4 | 0.5 | 0 | |
| Textiles | 7.9 | 9.4 | 10.8 | 12.1 | 17.6 | 18.8 | 4.3 | 5.8 | 8.3 | 11.2 | 12.6 | 14.1 | 14.5 | 15.1 | 14.7 | 13.5 | 13.6 | 15.6 | 16.2 | 15.2 | 14.6 | 13.5 | 13.1 | 14.3 | 13.4 | 16.3 | 12.4 | 15 | -0.4 | -0.9 | -1.2 | -2.2 | -1.5 | -2.3 | -2 | -3.6 | -7.7 | |
| Basic chemicals and chemical products | -7.4 | -6.5 | -5.9 | -3.6 | 0.4 | -5.4 | -8 | -8.2 | -7.9 | -5.6 | -5.2 | -4.7 | -1.1 | 0.4 | 1.3 | 2.1 | 6 | 8.6 | 9.6 | 11.2 | 10.1 | 10 | 9.9 | 8.4 | 9.9 | 13.9 | 11.9 | 14 | 13.4 | 13.3 | 13.4 | 13.5 | 13.2 | 13.7 | 13.9 | 15.9 | 15.5 | |
| Pharmaceuticals | -9.8 | -9.2 | -9 | -7.8 | -7.7 | -2.8 | -13.5 | -13.1 | -11.3 | -9.9 | -8.5 | -6.6 | -3 | 0.9 | 2.6 | 4.4 | 3.5 | 6.9 | 6 | 6.2 | 7.4 | 7.3 | 8.5 | 7.1 | 6.8 | 4.7 | 8.5 | 2.7 | 1.8 | 1.9 | 0.9 | -0.2 | 0.6 | 0.6 | 1.7 | -0.6 | 1.2 | |
| Smelting and pressing of non-ferrous metals | -3.9 | -4.1 | -2.3 | -0.9 | 3.7 | -9.2 | -4.2 | -2.2 | -1.5 | 0.4 | 2.2 | 4.9 | 9.1 | 14.3 | 16.4 | 17.9 | 16.1 | 24.2 | 25.3 | 25.9 | 24.8 | 26.2 | 23.7 | 19.8 | 18.4 | 20 | 18.8 | 23.2 | 12.5 | 10.9 | 9.8 | 9.9 | 8.5 | 10.2 | 14.2 | 6.5 | 8.3 | |
| Metal products | -6.9 | -5.5 | -4 | -1.4 | 5.5 | 7.4 | -1.9 | 2.1 | 3.7 | 5.9 | 8.4 | 9.5 | 11.1 | 11 | 11.5 | 12.2 | 10.8 | 16.6 | 16.3 | 15.8 | 16.4 | 17.3 | 18.1 | 16 | 17.3 | 16.4 | 16.1 | 9.2 | 3.5 | 3 | 3.2 | 1.7 | -0.4 | -1.1 | 0 | 0.8 | 1.8 | |
| General-purpose machinery | 1.4 | 1.9 | 2.8 | 5.5 | 12.5 | 7 | 6.2 | 8.9 | 9.5 | 11.8 | 13.7 | 14.8 | 16.6 | 17.5 | 17.9 | 17.2 | 21.6 | 15.5 | 14.9 | 14.2 | 14.9 | 13.8 | 13.8 | 14 | 13.5 | 13.2 | 13.9 | 11.3 | 4.8 | 3.4 | 5.2 | 5.1 | 4.8 | 4.6 | 3.7 | 4.5 | 5.6 | |
| Special-purpose machinery | -9.2 | -8.6 | -8 | -6 | -0.4 | -0.5 | -7.1 | -4 | -2 | -0.7 | 1.6 | 4.6 | 6.2 | 7.9 | 8.4 | 8.1 | 9 | 11.6 | 11.7 | 11.9 | 12 | 12.8 | 13.3 | 12.6 | 12.7 | 13.9 | 14.1 | 12 | 10.4 | 10.4 | 10.7 | 8.2 | 7.5 | 6.4 | 7.7 | 8.6 | 8.6 | |
| Automobile manufacturing | -5.3 | -4.2 | -2.7 | -0.5 | 4.8 | 2.6 | 11.7 | 15.3 | 17.5 | 19.2 | 20.2 | 21.7 | 22.2 | 23.4 | 23.6 | 24.5 | 27 | 7.5 | 7.2 | 5.9 | 5.8 | 5.4 | 5 | 6.5 | 5.8 | 5.7 | 7.4 | 7 | 19.4 | 17.9 | 18.7 | 20.4 | 19.1 | 19.2 | 20 | 17.9 | 18.5 | |
| Railway, ship, aerospace and other transport equipment | 18.7 | 24.7 | 23.6 | 24.7 | 27.7 | 31.1 | 17.5 | 22.4 | 20.1 | 22.3 | 26.2 | 29.3 | 27.3 | 26.1 | 29.6 | 37.9 | 37.3 | 34.9 | 30.6 | 33 | 31.8 | 30.7 | 30.1 | 28.2 | 34.7 | 27.7 | 24.8 | 25 | 3.1 | 2.7 | 1.8 | 3.1 | -0.8 | -0.6 | 2.8 | -1.3 | -8.2 | |
| Electrical machinery and equipment | 1.4 | 1.2 | 1.5 | 2.9 | 0.8 | 5.8 | -10.3 | -9.5 | -9.4 | -9.5 | -8.8 | -8.7 | -7.8 | -8.6 | -7.5 | -7.4 | -8.6 | -3.9 | -3.4 | -2.8 | -1.6 | -0.3 | 1.4 | 3.5 | 8.1 | 10.1 | 13.9 | 24.1 | 32.2 | 34.6 | 36.6 | 38.1 | 38.6 | 39.1 | 38.9 | 38.9 | 42.1 | |
| Computers, communications and other electronic equipment | 7.8 | 6.5 | 6.7 | 5.4 | 5.4 | 1.2 | -3.2 | -3.2 | -2.2 | -2.1 | -0.1 | 2.2 | 4.6 | 7 | 9 | 10.5 | 9.6 | 12 | 12.6 | 13.2 | 13.1 | 14.2 | 14.5 | 15.3 | 14.8 | 13.1 | 14.3 | 14.8 | 9.3 | 9.2 | 9.6 | 10.2 | 9.5 | 9.8 | 9.4 | 10.5 | 14.2 | |
| Electricity, heat, gas and water | -5.3 | -2.7 | -0.1 | 4.4 | 9 | 13.1 | 9.1 | 10.7 | 12.5 | 15.3 | 18.8 | 21.5 | 22.8 | 25.4 | 25.5 | 26 | 25.4 | 23.9 | 23.7 | 24.1 | 24.8 | 23.5 | 23.8 | 24.2 | 23.7 | 26.2 | 29.1 | 25.3 | 23 | 24.4 | 25 | 25 | 26.5 | 25.4 | 27 | 27.6 | 24.4 | |
| Transportation and storage and postal services1 | 2.5 | 2.6 | 7.1 | 11.1 | 16.3 | 9.1 | -1.2 | -0.1 | 0.1 | 1.6 | 2.7 | 3.9 | 5.6 | 4 | 3.9 | 3.8 | 2.7 | 5.9 | 6.9 | 7.7 | 7.7 | 6.7 | 8.2 | 6.6 | 7.1 | 8.2 | 7.9 | 10.9 | 10.5 | 10.8 | 11.1 | 11.6 | 11.3 | 11.7 | 11 | 6.9 | 8.1 | |
| Road transport | -7.5 | -7.7 | -5.7 | -3 | 2.9 | -0.6 | -6 | -4.7 | -4.3 | -2.7 | -3.3 | -2 | 0.6 | -0.4 | -0.9 | -0.2 | -3.2 | -1.1 | -1.9 | -2.1 | -2.4 | -2.8 | -2 | -1 | -0.9 | 0.7 | 3.6 | 8.3 | -0.7 | -0.2 | 0 | 0.7 | 1.9 | 2.8 | 3.1 | 4.4 | 5.8 | |
| Water conservancy, environment and public facilities management2 | -9.1 | -6.5 | -3.9 | -0.1 | 3.6 | 8.3 | -8.4 | -6.3 | -4.1 | -2.4 | -0.2 | 2 | 3.5 | 7.2 | 8.6 | 9.8 | 8.5 | 4.2 | 4 | 3.1 | 2.8 | 1.2 | 0.7 | 0.7 | -1.5 | -1 | 0.3 | 0.4 | 0.1 | -1.1 | -0.8 | -0.1 | 0.4 | 1.6 | 3 | 4.7 | 5.5 | |
| Water conservancy management | -11 | -9.9 | -8.3 | -6.2 | -5.5 | -4.4 | -6.3 | -3.2 | 0.7 | 3 | 7.4 | 12.6 | 15.4 | 26.6 | 30.7 | 36.8 | 39.1 | 41.7 | 40.9 | 37.9 | 37.1 | 32.6 | 28.9 | 27.4 | 18.5 | 16.1 | 13.9 | 13.7 | 5.2 | 5.2 | 5.7 | 4.9 | 4.8 | 7.5 | 9.6 | 11.5 | 10.7 | |
| Public facilities management | -9.1 | -6.2 | -3.2 | 0.9 | 5.7 | 11.6 | -8.2 | -6.2 | -4.4 | -2.8 | -1.1 | 0.5 | 1.7 | 3.8 | 4.9 | 4.9 | 2.6 | -3.1 | -2.9 | -3.4 | -3.5 | -4.7 | -4.7 | -4.5 | -5.5 | -4.5 | -2.4 | -1.9 | -0.8 | -2.5 | -2.2 | -1.2 | -0.6 | 0.8 | 2.1 | 3.9 | 4.7 | |
| Education | -14.9 | -14.1 | -12.9 | -11.2 | -7.9 | -3.7 | -8.3 | -7.4 | -6.9 | -5.9 | -5.2 | -4.6 | -3.3 | -2.6 | 1 | 2.3 | 1.4 | 1.3 | 1 | 1.6 | 2.7 | 3 | 4.5 | 6.7 | 7.4 | 7.7 | 15.4 | 12.1 | 2.8 | 1.8 | 1.6 | 2.3 | 1.7 | 2.7 | 3.1 | 4.4 | 5 | |
| Health and social work | -13 | -12.2 | -12.2 | -10.9 | -9.7 | -8 | -12.3 | -11.2 | -10.3 | -8.9 | -8 | -6.7 | -6.1 | -2.8 | -2.3 | 0.8 | -4.3 | -9.4 | -10.6 | -10.9 | -10.6 | -11.3 | -11.4 | -10.6 | -11.3 | -10.8 | -9.8 | -7 | -3.8 | -2.3 | -1.3 | -0.4 | -0.4 | 1.7 | 2.3 | 6.7 | 12.2 | |
| Culture, sports and entertainment | -13.3 | -10.8 | -11 | -9.9 | -5.4 | -2.8 | -3.8 | -2.6 | -1.6 | 1.3 | 1.2 | 3 | 3.7 | 5 | 6.6 | 6.4 | 7.6 | 0 | 1 | 1 | 2 | 2.2 | 3.5 | 5.1 | 6.8 | 5.3 | 3.1 | -3.1 | 2.6 | 1.5 | 1.2 | 1.7 | 0.6 | -0.3 | 1.3 | -1.8 | -1.1 | |
| Domestic enterprises | -6.4 | -5.5 | -3.9 | -1.3 | 2.1 | 2.1 | -3.8 | -2.6 | -1.7 | -0.6 | 0.5 | 1.7 | 2.8 | 3.7 | 3.9 | 4 | 4 | 2.9 | 3.1 | 3.2 | 3.3 | 3.3 | 3.4 | 3.8 | 3.8 | 4.2 | 4.4 | 4.1 | 3.2 | 3.2 | 3.2 | 3.3 | 3.4 | 3.6 | 4 | 4.2 | 4.9 | |
| Hong Kong, Macao and Taiwan-funded enterprises | -8.1 | -7.9 | -8.7 | -6.8 | -5 | -3 | -2.2 | -2.2 | -1.8 | -0.3 | 2.3 | 3.5 | 4.8 | 6.5 | 9.2 | 10.8 | 10.1 | 4.2 | 7.2 | 8.2 | 6.9 | 4.7 | 5.1 | 5.1 | 6.6 | 6.4 | 7.1 | 6.4 | -2.7 | -2.1 | -3.1 | -2.6 | -3 | -3.2 | -3.4 | -5.2 | -4.3 | |
| Foreign-funded enterprises | -5.4 | -4.7 | -4.3 | -4.9 | -6.3 | -9.1 | -13.8 | -14.1 | -12.1 | -12.6 | -15.4 | -15.7 | -13.6 | -13.4 | -11.4 | -9.5 | -10 | -10 | -20 | -20.6 | -19.1 | -17.7 | -15.2 | -15.8 | -15.4 | -15.2 | -10.4 | -14.1 | 0.6 | -0.3 | 0.9 | 1.7 | 2.7 | 3.2 | 3.4 | 5.2 | 5.3 |
Latest reading
Year-to-date investment stood at 26,032.8 CNY billion in Jul 2026. That is +15.0% from Jun 2026 and −9.7% from a year earlier. The series on this page is monthly and runs from Feb 2012 to Jul 2026. Source: National Statistics Office (NSO) of China (NBS).
- Latest
- 26,032.8 CNY billion
- Jul 2026
- vs previous period
- +15.0%
- Jun 2026
- vs a year earlier
- −9.7%
About this data
China's fixed-asset investment (excluding rural households) is an indicator reflecting the injection of capital into infrastructure, factories, and real estate. The first two rows represent investment scale; the remainder shows the year-on-year GROWTH RATE OF CUMULATIVE INVESTMENT FROM THE BEGINNING OF THE YEAR, broken down by composition, by three economic sectors, by industry, and by enterprise type. The National Statistics Office publishes industry data only in cumulative form and in nominal terms, unadjusted for price effects. The National Statistics Office of China combines January and February data to avoid distortions caused by the Lunar New Year, meaning the monthly series lacks a data point for January, with the combined figure recorded in February.
