China's fixed asset investment up 4.1% year-on-year in January-February: Chinese report

In January and February of this year, China's nationwide fixed asset investment (excluding farms) increased 4.1% year-on-year to 5.2619 trillion formers (about 108.7 trillion yen), and the growth rate was 0.9 percentage points lower than the full year of 2024.
Of this, private fixed asset investment remained flat at 2.6717 trillion former (approximately 55.2 trillion yen). By industry, primary industry investment increased 12.2% to 96.2 billion former (approximately 2 trillion yen).
), secondary industry investment increased by 11.4% to 1.7061 trillion former (approximately 35.2 trillion yen), and tertiary industry investment increased by 0.7% to 3.4596 trillion former (approximately 71.5 trillion yen).
Within the secondary industry, industrial investment increased by 11.5%, with mining increasing by 10.5%, manufacturing by 9.0%, and the production and supply of electricity, thermal energy, gas and water by 25.
Within the tertiary industry, infrastructure investment (excluding production and supply of electricity, thermal energy, gas, and water) increased by 5.6%. Of this, water management increased by 39.1%.
By region, investment in the eastern region increased by 1.5%, the central region by 6.0%, the western region by 5.3%, and the eastern region by 1.7%.
The North saw an increase of 11.6%. By registered enterprise type, investment in fixed assets by mainland Chinese enterprises increased by 4.0%, while investment by Hong Kong, Macau and Taiwanese enterprises increased by 10.1%, while investment by foreign enterprises decreased by 10.0%.
Meanwhile, fixed asset investment (excluding farms) in February rose 0.49% from the previous month.