Fixed asset investment in January-February exceeded expectations and turned positive year-over-year, growing 1.8% year-over-year

WealthCoffee · 2026-03-16T04:30:30+00:00

In early 2026, China's fixed asset investment growth turned positive, with year-over-year growth of 1.8% in January-February. Infrastructure and equipment replacement drove investment recovery, with growth reaching 5.2% excluding real estate. Seasonally adjusted quarter-over-quarter data shows an improving trend in investment growth.

WealthCoffee

2026-03-16 04:30:30

Abstract generation in progress

Caixin: In the first two months of 2026, China’s fixed asset investment growth ended the rapid decline since June 2025. Driven by infrastructure investment and equipment upgrades, the growth turned positive.

Data released by the National Bureau of Statistics on March 16 shows that from January to February, the nationwide fixed asset investment increased by 1.8% year-on-year, rebounding 5.6 percentage points from 2025, shifting from decline to growth. Excluding real estate development investment, fixed asset investment grew by 5.2% year-on-year, recovering 5.7 percentage points from the -0.5% in 2025.

Looking at the seasonally adjusted month-on-month trend, the investment growth rates for January and February were 1.32% and 0.39%, respectively. In 2025, this indicator was positive only in February, with all other months showing negative growth.

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