上半年民间投资靠什么稳住

Group 1 - The core viewpoint of the articles indicates that private investment in China has seen a slight decline of 0.6% in the first half of 2025, but when excluding real estate development, private project investment has grown by 5.1% [2][6][9] - The overall fixed asset investment in the country has increased by 2.8%, which is a decrease from the 4.2% growth in the first quarter, attributed to high actual investment growth and macroeconomic adjustments [2][4][6] - The contribution of capital formation to economic growth is reported at 16.8%, with final consumption expenditure contributing 52.0% to GDP growth [4][5] Group 2 - Infrastructure and manufacturing sectors are the primary drivers of fixed asset investment, with broad infrastructure contributing nearly 90% to investment growth, while real estate development investment has decreased significantly [3][9][10] - State-owned and state-controlled investments have increased by 5.0%, while foreign investment has decreased by 15.2% [6][7] - The manufacturing sector's investment accounted for 25.2% of total fixed asset investment, showing a 1.1 percentage point increase compared to the previous year [15][16] Group 3 - The decline in real estate development investment has led to a significant drop in its proportion of total fixed asset investment, from a peak of 30% to 18.8% [9][10] - Equipment purchase investments have surged by 17.3%, contributing 86.0% to overall investment growth, indicating strong support for manufacturing investment [9][10] - The net export growth of 36.1% has contributed 31.2% to economic growth, highlighting the increasing reliance on net exports for economic stability [4][6]