China Fixed-Asset Investment Falls 7.2% in First Eight Months of 2026

Data on national economic performance in August, released on September 15, 2026, showed that nationwide fixed-asset investment excluding rural households totaled RMB 293.092 billion in January-August 2026, down 7.2% year on year on a comparable basis. Excluding real estate development investment, nationwide fixed-asset investment fell 4.2%. Investment in intellectual property products rose 9.2% year on year.

By industry, investment in the primary industry was RMB 58.32 billion, down 2.4% year on year; investment in the secondary industry was RMB 1,130.94 billion, down 2.9%; and investment in the tertiary industry was RMB 1,741.66 billion, down 9.9%.

Industrial investment fell 2.9% year on year. Within this, mining investment rose 3.4%, manufacturing investment fell 2.3%, and investment in the production and supply of electricity, heat, gas and water fell 6.9%. Infrastructure investment fell 4.0% year on year, with information transmission investment up 28.4%, air transport investment up 16.7%, and water transport investment up 14.7%. Real estate development investment fell 19.9%.

By region, investment in the eastern region fell 9.4% year on year, the central region fell 8.7%, the western region fell 8.8%, and the northeastern region fell 25.5%. By registration category, fixed-asset investment by domestic enterprises fell 7.1% year on year, by Hong Kong, Macao and Taiwan-invested enterprises fell 6.9%, and by foreign-invested enterprises fell 4.3%. Private fixed-asset investment fell 10.1% year on year. On a month-on-month basis, fixed-asset investment excluding rural households fell 0.5% in August.