City skyline in China

China Investment December 2021

China: Nominal fixed investment growth slides to one-year low in December

Nominal urban fixed asset investment rose 4.9% in year-to-date terms in December (November: +5.2%). The figure marked the worst reading since December 2020. The reading came on the back of weaker growth in the tertiary sector. In addition, the primary sector lost pace. As such, investment last year was weak by historical standards, weighed on by regulatory uncertainty and the property downturn. However, high-tech investment was brisk, as part of the government’s aim to catch up to the West in key technological domains.

On a monthly basis, nominal urban fixed asset investment increased 0.2% in seasonally-adjusted terms in December, matching November’s expansion.

Going forward, the broad picture of strong investment in high-end manufacturing and weaker investment in other areas—particularly housing—is likely to remain.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest