国家统计局：扣除房地产开发投资后，民间投资基本稳定

Core Viewpoint - The recent decline in private investment in China is primarily influenced by changes in the international environment and adjustments in the real estate market, although private project investment remains stable when excluding real estate development [1][2]. Group 1: Private Investment Trends - Private fixed asset investment has decreased by 2.3% year-on-year from January to August, with a continuous decline over the past three months [1]. - Real estate development investment, which constitutes a significant portion of private investment, has dropped by 16.7%, pulling down the overall private investment growth rate by 4.5 percentage points [1]. Group 2: Sector Performance - Excluding real estate, private investment in manufacturing and innovation sectors has shown positive growth, with manufacturing investment increasing by 4.2% year-on-year, accounting for 40.6% of total private investment [2]. - The automotive manufacturing sector has experienced a notable investment growth rate of 22.6% [2]. - In the innovation sector, private investment in information services has surged by 26.7%, while professional technical services have seen a growth of 17.6% [2]. Group 3: Infrastructure Investment - Private investment in infrastructure has increased by 7.5% year-on-year, outpacing the overall infrastructure investment growth rate of 5.5% [2]. - The energy, gas, and water production and supply sectors have witnessed a significant increase in private investment, growing by 23.5% [2]. Group 4: Future Investment Opportunities - There remains potential for growth in private investment in green industries such as new energy vehicles, photovoltaics, and lithium batteries, as well as in future industries like artificial intelligence and embodied robotics [2]. - The implementation of policies aimed at supporting the development of the private economy and promoting private investment is expected to further expand investment opportunities [2].