In the first four months of 2025, China's fixed-asset investment experienced a 4% increase compared to the previous year, falling short of market forecasts which had anticipated a 4.2% rise. Infrastructure investment saw a growth of 5.8%, and manufacturing investment rose by 8.8%. In contrast, investment in real estate faced a continued decline, dropping by 10.3%. Breaking it down by industry, the primary industry experienced a 13.2% boost in investment, the secondary industry saw an 11.7% increase, whereas the tertiary industry experienced a slight decrease of 0.2%. Excluding the real estate sector, fixed-asset investment grew by 8% during this period. On a month-to-month basis, fixed-asset investment increased by 0.10%.