Archive · 8 Jan 2026
China's Fixed Asset Investment Declines in 2025
China usually spends a lot of money on things like buildings and infrastructure, called fixed assets.
In the first nine months of 2025, they spent about 37.2 trillion yuan, which is a tiny bit less than the same time last year.
This is the first time in over 30 years, except during the COVID-19 pandemic, that their spending has gone down.
It's a bit of a mystery why this happened.
China's fixed asset investment for the first nine months of 2025 was 37.2 trillion yuan ($5.2 trillion).
This represents a 0.5% decrease compared to the same period in 2024.
It is the first time since the COVID-19 pandemic that China has reported a negative figure in over 30 years.
The data includes spending on things other than inventories.
The reason for the decline is not explicitly stated in the article.
- Who
- China
- What
- Reported a decline in fixed asset investment
- When
- First nine months of 2025
- Where
- China
- Why
- Not explicitly stated in the article
- Total Investment (2025)
- 37.2 trillion yuan ($5.2 trillion)
- Year-over-Year Change
- -0.5%
- Last Negative Figure Before 2025
- COVID-19 pandemic
- Time Frame
- First nine months of 2025
- Type of Investment
- Fixed assets (excluding inventories)