Total fixed asset investment in 2025 reached 49.11 trillion yuan, a decrease of 3.9% compared to the previous year, according to data released by the National Bureau of Statistics.
Fixed asset investment, excluding rural households, was 48.52 trillion yuan, a decline of 3.8%. By region, in terms of fixed asset investment (excluding rural households), China's eastern region saw an 8.4% decrease, the central region experienced a 2.7% decline, the western region had a 1.3% drop, and the northeastern region recorded a 15.5% reduction. In terms of industry, the primary industry investment amounted to 957 billion yuan, an increase of 2.3% year-on-year; the secondary industry investment was 17.7368 trillion yuan, up 2.5%; while the tertiary industry investment reached 29.8248 trillion yuan, down 7.4%.
Infrastructure investment fell by 2.2%. Investment in social sectors declined by 8.5%. Private investment decreased by 6.4%, with private project investment (excluding real estate development) down by 1.9%. In terms of sectors, private investment in manufacturing decreased by 0.2%, while private investment in infrastructure grew by 1.7%.

