国家统计局：中国1-8月固定资产投资同比增长0.5%

Core Insights - National fixed asset investment (excluding rural households) reached 32,611.1 billion yuan from January to August 2025, showing a year-on-year growth of 0.5% [1] - Private fixed asset investment experienced a year-on-year decline of 2.3% [1] Investment by Industry - Investment in the primary industry totaled 646.1 billion yuan, with a year-on-year increase of 5.5% [3] - Investment in the secondary industry reached 11,824.6 billion yuan, growing by 7.6% [3] - Investment in the tertiary industry was 20,140.4 billion yuan, reflecting a decline of 3.4% [3] - Within the secondary industry, industrial investment grew by 7.7%, with mining investment increasing by 3.0%, manufacturing investment rising by 5.1%, and investment in electricity, heat, gas, and water production and supply surging by 18.8% [3] Infrastructure Investment - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the tertiary industry grew by 2.0% year-on-year [3] - Notable growth in specific sectors includes water transportation investment increasing by 15.9%, water conservancy management investment rising by 7.4%, and railway transportation investment growing by 4.5% [3] Regional Investment Trends - Eastern region investment declined by 3.5% year-on-year, while the central region saw a growth of 2.5% and the western region increased by 2.3% [4] - The northeastern region experienced a decline of 6.0% [4] Investment by Registration Type - Domestic enterprises' fixed asset investment grew by 0.5% year-on-year, while investment from Hong Kong, Macau, and Taiwan enterprises increased by 2.3% [4] - Foreign enterprises' fixed asset investment saw a significant decline of 15.4% [4] Detailed Investment Metrics - Overall fixed asset investment (excluding rural households) showed a year-on-year growth of 0.5% [6] - State-owned enterprises' investment increased by 2.3%, while private investment decreased by 2.3% [6] - Specific categories include a 14.4% increase in equipment and tool purchases, while construction and installation projects saw a decline of 2.2% [6]