国家统计局：2025年电力、热力、燃气及水生产和供应业投资增长9.1%

Core Viewpoint - In 2025, China's fixed asset investment (excluding rural households) reached 48,518.6 billion yuan, representing a decline of 3.8% compared to the previous year, with private investment decreasing by 6.4% [1][4]. Investment by Industry - Investment in the primary industry was 957 billion yuan, an increase of 2.3% year-on-year [3]. - Investment in the secondary industry totaled 177,368 billion yuan, growing by 2.5% [3]. - Investment in the tertiary industry was 298,248 billion yuan, showing a decline of 7.4% [3]. - Within the secondary industry, industrial investment increased by 2.6%, with mining investment up by 2.5%, manufacturing investment up by 0.6%, and investment in electricity, heat, gas, and water production and supply rising by 9.1% [3]. Infrastructure and Regional Investment - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the tertiary industry decreased by 2.2% [3]. - Investment in pipeline transportation grew by 36.0%, while multimodal transport and transportation agency investment rose by 22.9%, and water transportation investment increased by 7.7% [3]. - Investment in the eastern region fell by 8.4%, the central region by 2.7%, the western region by 1.3%, and the northeastern region by 15.5% [3]. Investment by Registration Type - Domestic enterprises' fixed asset investment decreased by 3.8%, while investment from Hong Kong, Macau, and Taiwan enterprises fell by 2.2%, and foreign enterprises' investment dropped by 13.8% [3][5].