China's fixed asset investment to grow 3.2% in 2024 from 2018: Chinese report

In 2024, China's national fixed asset investment (excluding farmers) is expected to increase 3.2% year-on-year to 51.4374 trillion former (about 1,095 trillion yen). Of this, private fixed asset investment will decrease 0.1% to 25.757 trillion former.
By industry, primary industry investment increased 2.6% to 954.3 billion formers (about 20 trillion yen), and secondary industry investment increased 12.0% to 17.9064 trillion formers (about 381 trillion yen).
1.1% increase to 32.5767 trillion yen, while tertiary industry investment was down 1.1% to 32.5767 trillion yen. Within the secondary industry, industrial investment increased 12.1%. Of that, mining increased 10.5% to 32.5767 trillion yen.
The manufacturing industry increased by 9.2%, and the production and supply of electricity, thermal energy, gas, and water increased by 23.9%.
- The industry sector (excluding supply industries) increased by 4.4%. Among these, water management increased by 41.7%, air transport increased by 20.7%, and rail transport increased by 13.5%.
By region, investment in the Eastern region increased by 1.3%, the Central region by 5.0%, the Western region by 2.4%, and the Tohoku region by 4.2%.
Broken down by type of registered company, investment by mainland Chinese companies increased by 2.9%, while investment by Hong Kong, Macau and Taiwanese companies increased by 4.2%, and investment by foreign companies decreased by 10.0%.
Meanwhile, fixed asset investment (excluding farms) in December 2024 increased 0.33% from the previous month.