According to a report from the National Bureau of Statistics, fixed asset investment in China from January to September 2024 reached 37.9 trillion yuan, marking a year-on-year increase of 3.4% on a comparable basis. Notably, private sector investment accounted for 19.1 trillion yuan but saw a slight decline of 0.2%. In September alone, fixed asset investment rose by 0.65% compared to August.

When breaking down the investment by industry, the primary sector saw an investment of 704.4 billion yuan, an increase of 2.3%. The secondary sector reported 12.97 trillion yuan, up 12.3%, while the tertiary sector experienced a decrease of 0.7% with investments totaling 24.22 trillion yuan.

Within the secondary sector, industrial investment grew by 12.3%. This included a 13.2% increase in mining investments, 9.2% in manufacturing, and an impressive 24.8% rise in investments for the production and supply of electricity, heat, gas, and water.

Focusing on the tertiary sector, infrastructure investment—excluding electricity, heat, gas, and water—also saw a significant year-on-year growth of 4.1%. Notable areas included a 37.1% increase in water management and a 17.9% rise in aviation transport investment, along with a 17.1% growth in railway transport.

Regionally, the data shows that investment in the eastern regions grew by 2.5%, while the central regions saw a 4.5% increase and the western regions reported a 1.0% rise. The northeast region experienced a growth of 3.8%.

When categorized by registration type, investments from domestic enterprises increased by 3.3%, and investments from Hong Kong, Macau, and Taiwan enterprises rose by 6.9%. However, foreign enterprises faced a significant decline, with investments dropping by 19.1%.