国家统计局最新数据显示，前7个月全国固定资产投资增速出现放缓态势。这一变化引发市场对经济增长动力的关注。在投资结构中，基础设施建设投资表 现相对稳健，其"稳定器"功能正在经济下行压力下凸显重要价值。 投资增速放缓态势明显 前7个月投资数据呈现分化格局。房地产开发投资延续下滑趋势，制造业投资增长动力有所减弱。相比之下，基础设施投资保持了相对稳定的增长水平。这 种结构性变化反映出当前经济运行中的复杂因素。 投资增速的放缓与多重因素相关。房地产市场调整持续深化，开发商投资意愿明显不足。制造业领域受到外部需求波动和产能过剩压力影响，企业扩产积极 性有所下降。同时，民间投资活力仍待进一步激发，这对整体投资增长形成制约。 基建投资"稳定器"作用凸显 在投资结构调整过程中，基础设施建设展现出逆周期调节的重要功能。各地重大工程项目加速推进，为稳定投资增长提供了有力支撑。交通、水利、能源等 领域的建设项目成为拉动投资的关键力量。 政府主导的基建投资具有明显的政策导向性。在经济下行压力加大的背景下，基建投资承担着托底经济的重要使命。专项债券发行为基建项目提供了充足的 资金保障，确保了重点工程的顺利实施。 基建投资的乘数效应正在显 ...

Core Points - The National Bureau of Statistics reported a 1.6% year-on-year growth in fixed asset investment from January to July 2025 [1] - The ongoing effects of large-scale equipment renewal policies continue to support investment growth [1] - Investment in the purchase of machinery and tools increased by 15.2%, maintaining a rapid growth rate [1]

Group 1 - The core viewpoint of the article highlights the continuous expansion of fixed asset investment and rapid growth in manufacturing investment in the first seven months of 2025 [1] Group 2 - Fixed asset investment has been consistently increasing during the period from January to July [1] - Manufacturing investment has shown significant growth compared to other sectors [1]

Core Viewpoint - The economic operation in July showed a steady growth trend, with production demand continuing to rise, employment and prices remaining stable, and new growth drivers strengthening [1]. Economic Performance - In July, the industrial added value above designated size increased by 5.7% year-on-year, maintaining a rapid growth rate [2]. - The service industry also performed well, with the service production index rising by 5.8% year-on-year in July, driven by increased summer tourism [2]. - Social retail sales in July grew by 3.7% year-on-year, while the service retail sales from January to July increased by 5.2%, indicating overall stable growth [2]. Investment Trends - Fixed asset investment from January to July grew by 1.6% year-on-year, although the growth rate has slowed compared to the first half of the year [3]. - The investment in equipment and tools increased by 15.2% from January to July, indicating sustained growth supported by large-scale equipment renewal policies [2][3]. Price Trends - In July, there was a positive change in consumer prices, with the core CPI showing a continuous increase year-on-year, attributed to effective consumer stimulus actions and the gradual release of consumption potential [4]. - The overall stability of consumer prices in July reflects ongoing favorable factors that will continue to accumulate, promoting a reasonable recovery in price levels [4]. Long-term Economic Outlook - Despite facing risks and challenges, the fundamental conditions and trends supporting long-term economic growth remain unchanged, with strong macroeconomic policies and expanding market demand expected to support stable economic performance [5].

2025年1—7月份，全国固定资产投资（不含农户）288229亿元，同比增长1.6%（按可比口径计算，详 见附注7）。其中，民间固定资产投资同比下降1.5%。从环比看，7月份固定资产投资（不含农户）下 降0.63%。 分产业看，第一产业投资5646亿元，同比增长5.6%；第二产业投资104455亿元，增长8.9%；第三产业 投资178128亿元，下降2.3%。 第二产业中，工业投资同比增长9.0%。其中，采矿业投资增长3.0%，制造业投资增长6.2%，电力、热 力、燃气及水生产和供应业投资增长21.5%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长3.2%。其中，水上 运输业投资增长18.9%，水利管理业投资增长12.6%，铁路运输业投资增长5.9%。 分地区看，东部地区投资同比下降2.4%，中部地区投资增长3.2%，西部地区投资增长3.6%，东北地区 投资下降3.0%。 分登记注册类型看，内资企业固定资产投资同比增长1.7%，港澳台企业固定资产投资增长3.5%，外商 企业固定资产投资下降15.7%。 | | (1) M H M N K | 1 = X >> JH | | | - ...

（责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每经AI快讯，8月15日，国家统计局发布的数据显示，2025年1—7月份，全国固定资产投资（不含 农户）288229亿元，同比增长1.6%。其中，民间固定资产投资同比下降1.5%。从环比看，7月份固定资 产投资（不含农户）下降0.63%。 每日经济新闻 ...

Group 1: Industrial Production - In July, the industrial added value of large-scale enterprises increased by 5.7% year-on-year and 0.38% month-on-month [1] - The manufacturing sector grew by 6.2%, with equipment manufacturing and high-tech manufacturing increasing by 8.4% and 9.3% respectively [1] - The profit of large-scale industrial enterprises from January to June was 34,365 billion yuan, a year-on-year decrease of 1.8% [1] Group 2: Service Industry - In July, the service production index increased by 5.8% year-on-year, with significant growth in information transmission, finance, and business services [2] - The business activity index for the service industry was at 50.0%, indicating stable activity levels [2] - From January to July, the service production index grew by 5.9% year-on-year [2] Group 3: Market Sales - In July, the total retail sales of consumer goods reached 38,780 billion yuan, a year-on-year increase of 3.7% [3] - Online retail sales amounted to 86,835 billion yuan, growing by 9.2% year-on-year, with physical goods online retail accounting for 24.9% of total retail sales [3] - The retail sales of household appliances and audio-visual equipment increased by 28.7% year-on-year [3] Group 4: Fixed Asset Investment - From January to July, fixed asset investment (excluding rural households) was 288,229 billion yuan, a year-on-year increase of 1.6% [4] - Manufacturing investment grew by 6.2%, while real estate development investment decreased by 12.0% [4] - High-tech industries such as aerospace and information services saw significant investment growth of 33.9% and 32.8% respectively [4] Group 5: Trade and Exports - In July, the total import and export value reached 39,102 billion yuan, a year-on-year increase of 6.7% [5] - Exports grew by 8.0% year-on-year, while imports increased by 4.8% [5] - Private enterprises accounted for 57.1% of total imports and exports, with a growth rate of 7.4% [5] Group 6: Employment - The urban surveyed unemployment rate in July was 5.2%, showing a seasonal increase [6] - The average working hours for employees in enterprises was 48.5 hours per week [6] - The unemployment rate for local registered labor was 5.3%, while for migrant labor it was 5.1% [6] Group 7: Consumer Prices - In July, the Consumer Price Index (CPI) remained flat year-on-year, with a month-on-month increase of 0.4% [7] - Core CPI, excluding food and energy, rose by 0.8% year-on-year, indicating a slight increase in inflationary pressure [7] - The Producer Price Index (PPI) for industrial producers decreased by 3.6% year-on-year [7] Group 8: Overall Economic Outlook - The macroeconomic policies have shown effectiveness, maintaining a stable growth trend despite external challenges [8] - The focus remains on stabilizing employment, businesses, and market expectations while promoting domestic demand [8] - The government aims to implement policies thoroughly to ensure steady and healthy economic development [8]

Macroeconomic Overview - China's nationwide fixed asset investment (excluding rural households) increased by 16% year-on-year, totaling 288229 billion yuan, but the growth rate slowed down by 12 percentage points compared to January-June [1] - Investment in the eastern region decreased by 24%, while the central and western regions saw increases of 32% and 36% respectively, and the northeastern region experienced a decrease of 30% [1] Investment Breakdown - Manufacturing investment grew by 62% [1] - Infrastructure investment (excluding power, heat, gas, and water production and supply) increased by 32% [1] Enterprise Investment - Fixed asset investment by domestic enterprises increased by 17% year-on-year [1] - Investment by Hong Kong, Macau, and Taiwan enterprises increased by 35% [1] - Investment by foreign-funded enterprises decreased by 157% [1]

央视网消息：据国家统计局网站消息，2025年1—7月份，全国固定资产投资（不含农户）288229亿 元，同比增长1.6%。其中，民间固定资产投资同比下降1.5%。从环比看，7月份固定资产投资（不含农 户）下降0.63%。 分产业看，第一产业投资5646亿元，同比增长5.6%；第二产业投资104455亿元，增长8.9%；第三产业 投资178128亿元，下降2.3%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长3.2%。其中，水上 运输业投资增长18.9%，水利管理业投资增长12.6%，铁路运输业投资增长5.9%。 分地区看，东部地区投资同比下降2.4%，中部地区投资增长3.2%，西部地区投资增长3.6%，东北地区 投资下降3.0%。 分登记注册类型看，内资企业固定资产投资同比增长1.7%，港澳台企业固定资产投资增长3.5%，外商 企业固定资产投资下降15.7%。 第二产业中，工业投资同比增长9.0%。其中，采矿业投资增长3.0%，制造业投资增长6.2%，电力、热 力、燃气及水生产和供应业投资增长21.5%。 ...

Core Insights - National fixed asset investment (excluding rural households) reached 288,229 billion yuan from January to July 2025, showing a year-on-year growth of 1.6% [1][5] - Private fixed asset investment declined by 1.5% year-on-year during the same period [1][5] - In July 2025, fixed asset investment (excluding rural households) decreased by 0.63% month-on-month [1] Investment by Industry - First industry investment totaled 5,646 billion yuan, with a year-on-year increase of 5.6% [3][5] - Second industry investment reached 104,455 billion yuan, growing by 8.9% [3][5] - Third industry investment was 178,128 billion yuan, experiencing a decline of 2.3% [3][5] Second Industry Breakdown - Industrial investment within the second industry grew by 9.0% year-on-year [4] - Mining investment increased by 3.0%, manufacturing investment rose by 6.2%, and investment in electricity, heat, gas, and water production and supply surged by 21.5% [4] Third Industry Insights - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the third industry grew by 3.2% [4] - Notable increases in water transportation investment (18.9%), water conservancy management investment (12.6%), and railway transportation investment (5.9%) were observed [4] Regional Investment Trends - Eastern region investment declined by 2.4%, while the central region saw a growth of 3.2%, and the western region increased by 3.6% [4] - Northeast region investment decreased by 3.0% [4] Investment by Registration Type - Domestic enterprise fixed asset investment grew by 1.7%, while investment from Hong Kong, Macau, and Taiwan enterprises increased by 3.5% [4] - Foreign enterprise fixed asset investment saw a significant decline of 15.7% [4]