国家统计局：1-9月份电力、热力、燃气及水生产和供应业投资增长15.3%

Core Insights - National fixed asset investment (excluding rural households) for January to September 2025 reached 371,535 billion yuan, showing a year-on-year decline of 0.5% [1] - Private fixed asset investment decreased by 3.1% year-on-year [1] Investment by Industry - First industry investment totaled 7,344 billion yuan, with a year-on-year growth of 4.6% [3] - Second industry investment was 134,063 billion yuan, growing by 6.3% year-on-year, with industrial investment specifically increasing by 6.4% [3] - Third industry investment reached 230,128 billion yuan, declining by 4.3% year-on-year [3] Second Industry Breakdown - Mining investment grew by 3.7% [3] - Manufacturing investment increased by 4.0%, with notable growth in: - Agricultural and sideline food processing industry: 14.3% - Food manufacturing: 10.8% - Textile industry: 11.2% - Automotive manufacturing: 19.2% - Railway, shipbuilding, aerospace, and other transportation equipment manufacturing: 22.3% [5] Third Industry Breakdown - Infrastructure investment (excluding power, heat, gas, and water production and supply) grew by 1.1% [3] - Water transport investment increased by 12.8% [3] Regional Investment Analysis - Eastern region investment decreased by 4.5% year-on-year [3] - Central and Western regions both saw a growth of 1.5% [3] - Northeast region investment declined by 8.4% [3] Investment by Registration Type - Domestic enterprises' fixed asset investment fell by 0.6% [5] - Investment from Hong Kong, Macau, and Taiwan enterprises decreased by 0.3% [5] - Foreign enterprises' fixed asset investment saw a significant decline of 12.6% [5]