前10月固定资产投资降幅扩大，政策支持下投资端有望迎来修复

Group 1: Fixed Asset Investment - National fixed asset investment decreased by 1.7% year-on-year from January to October, with a decline of 1.2 percentage points compared to January to September [1] - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) fell by 0.1% year-on-year, down from a 1.1% increase in the previous period [2] Group 2: Infrastructure Investment Outlook - Analysts expect infrastructure investment to rebound due to ongoing growth stabilization policies, with a potential increase in investment speed by the end of the year [3] - Full-year infrastructure investment growth is projected to reach around 3.0%, a slowdown of 1.4 percentage points compared to the previous year [3] Group 3: Real Estate Investment - Real estate development investment dropped by 14.7% year-on-year from January to October, with the decline widening by 0.8 percentage points compared to the previous period [5] - The area of housing under construction decreased by 9.4%, while new commercial housing sales fell by 6.8% [6] Group 4: Manufacturing Investment - Manufacturing investment grew by 2.7% year-on-year, a decline of 1.3 percentage points from the previous nine months [7] - The downward trend in manufacturing investment is attributed to increased external environment volatility and the implementation of policies affecting overcapacity industries [7][8]