2025年全国固定资产投资比上年下降3.8%

Summary of Fixed Asset Investment in 2025 Core Viewpoint - In 2025, China's total 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 fixed asset investment decreasing by 6.4% [1][3]. Group 1: Investment by Industry - Investment in the primary industry amounted to 957 billion yuan, showing a growth of 2.3% year-on-year [3]. - The secondary industry saw an investment of 177,368 billion yuan, with a growth rate of 2.5%. Industrial investment within this sector increased by 2.6%, with mining investment growing by 2.5%, manufacturing investment rising by 0.6%, and investment in electricity, heat, gas, and water production and supply increasing by 9.1% [3]. - The tertiary industry experienced a decline in investment, totaling 298,248 billion yuan, which is a decrease of 7.4% year-on-year. Infrastructure investment (excluding electricity, heat, gas, and water production and supply) fell by 2.2%, while pipeline transportation investment surged by 36.0%, multimodal transport and transportation agency investment grew by 22.9%, and water transportation investment increased by 7.7% [3]. Group 2: Investment by Region - Investment in the eastern region decreased by 8.4% compared to the previous year, while the central region saw a decline of 2.7%, the western region a decrease of 1.3%, and the northeastern region experienced a significant drop of 15.5% [3]. Group 3: Investment by Registration Type - Domestic enterprises' fixed asset investment fell by 3.8% year-on-year, while investment from Hong Kong, Macau, and Taiwan enterprises decreased by 2.2%. Foreign enterprises saw a more substantial decline, with fixed asset investment dropping by 13.8% [4].