National fixed asset investment from January to February 2026 increased by 1.8% year-on-year.

National Fixed Asset Investment in the Country Increased by 1.8% Year-on-Year in January–February 2026

In January–February, national fixed asset investment (excluding farmers) totaled 5.27T yuan, up 1.8% year-on-year (calculated on a comparable basis; see Note 7 for details). Of this, private fixed asset investment fell 2.6% year-on-year. Judging from the month-on-month figures, in February, fixed asset investment (excluding farmers) grew by 0.39%.

By industry, investment in the primary industry was 109.3 billion yuan, up 17.4%; investment in the secondary industry was 1.74T yuan, up 5.4%; and investment in the tertiary industry was 3.42T yuan, down 0.4%.

Industrial investment grew 5.4% year-on-year. Of this, investment in the mining industry increased 13.0%, investment in manufacturing increased 3.1%, and investment in the electricity, heat, gas, and water production and supply industry increased 13.1%.

Infrastructure investment (for the scope, see Note 1) grew 11.4% year-on-year. Of this, investment in air transport increased 31.1%, investment in gas production and supply increased 20.0%, and investment in water transport increased 17.9%.

By region, investment in the eastern region grew 1.8% year-on-year, investment in the central region grew 1.9%, investment in the western region fell 0.5%, and investment in the northeastern region fell 11.4%.

By registration category, fixed asset investment of domestic enterprises increased 2.1% year-on-year, fixed asset investment of enterprises from Hong Kong, Macao, and Taiwan fell 3.0%, and fixed asset investment of foreign-invested enterprises fell 9.1%.

(Edited by: Wen Jing)

Keywords: Fixed asset investment