China Fixed Asset Investment

China’s fixed-asset investment grew by 4.2% year-on-year in the January–March 2025 period, slightly higher than market forecasts and the previous month’s 4.1% rise. Investment increased across all major sectors, with the primary industry rising 16%, the secondary industry up 11.9%, and the tertiary industry posting a marginal gain of 0.1%. At the same time, investments in infrastructure and manufacturing grew by 5.8% and 9.1%, respectively. Meanwhile, real estate investment continued to decline, falling by 9.9%. Excluding the property sector, fixed-asset investment increased by 8.3% in the first three months of the year. On a monthly basis, fixed-asset investment rose by 0.15%.