2026.01.1902:21:27UTC+00China Fixed Investment Falls 3.8%, Worse than Forecast

In 2025, China experienced a 3.8% decline in fixed-asset investment compared to the previous year, surpassing market predictions of a 3% reduction and following a 2.6% decrease recorded from January to November. The downturn was particularly evident in the property sector, which saw a sharper decline of 17.2% compared to 15.9% in the earlier period, and infrastructure investment dropped by 2.2%, worsening from a 1.1% fall. Meanwhile, growth in the manufacturing sector reduced to 0.6% from 1.9%. Investment in the primary industry slowed further, growing by only 2.3% down from 2.7% and 2.9%, and the secondary industry saw a decrease to 2.5% from 3.9%. Notably, the tertiary sector faced a significant dip, decreasing by 7.4% compared to a 6.3% decline previously. When excluding the property sector, fixed-asset investment decreased by 0.5%, a reversal from a 0.8% increase over the first eleven months. On a month-to-month basis, there was a 1.1% decline in fixed-asset investment in December, following a 0.4% decrease in November.