国家统计局：1—10月份全国固定资产投资408914亿元 同比下降1.7%

Core Insights - In the first ten months of 2025, China's fixed asset investment (excluding rural households) reached 408,914 billion yuan, showing a year-on-year decline of 1.7% on a comparable basis [3][5] - Private fixed asset investment decreased by 4.5% year-on-year [3][5] - In October 2025, fixed asset investment (excluding rural households) fell by 1.62% month-on-month [3] Investment by Industry - Primary industry investment totaled 8,075 billion yuan, with a year-on-year growth of 2.9% [5] - Secondary industry investment reached 148,411 billion yuan, growing by 4.8% [5] - Tertiary industry investment was 252,429 billion yuan, declining by 5.3% [5] - Within the secondary industry, industrial investment increased by 4.9%, with mining investment up by 3.8% and manufacturing investment rising by 2.7% [5] - The electricity, heat, gas, and water production and supply industry saw a significant growth of 12.5% [5] Infrastructure and Regional Investment - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the tertiary sector decreased by 0.1% [5] - Investment in pipeline transportation grew by 13.8%, while water transportation and railway transportation investments increased by 9.4% and 3.0%, respectively [5] - Investment in the eastern region fell by 5.4%, while the central region saw a decline of 0.5%. The western region experienced a slight growth of 0.4%, and the northeastern region faced a significant drop of 11.7% [5] Investment by Registration Type - Domestic enterprises' fixed asset investment decreased by 1.7% year-on-year [5] - Investment from Hong Kong, Macau, and Taiwan enterprises declined by 1.8% [5] - Foreign enterprises' fixed asset investment saw a notable decrease of 12.1% [5]