FX.co ★ China Fixed Investment Rises Less than Expected

In the January to August 2025 period, China experienced a modest increase in fixed-asset investment of 0.5% compared to the same period in the previous year, which fell short of market forecasts anticipating a 1.4% rise. This is a slowdown from the 1.6% growth recorded in the first seven months of the year. The decline in property investment intensified, with a drop of 12.9%, compared to a decrease of 12.0% from January to July. Investment growth also decelerated in both the infrastructure, which saw a 2.0% increase (down from 3.2%), and the manufacturing sectors, which grew by 5.1% (down from 6.2%). Within specific industries, the primary industry investment grew at a rate of 5.5%, slightly below the previous 5.6%, and the secondary industry saw a growth of 7.6%, down from 8.9%. Meanwhile, investment in the tertiary industry saw a further decline of 3.4%, compared to a 2.3% decrease earlier. When excluding the property sector, fixed-asset investment rose by 4.2% from January to August, down from a 5.3% increase noted during the first seven months. On a month-to-month basis, fixed-asset investment registered a decline of 0.2% in August, following a 0.5% drop in July.