China's fixed asset investment rises in 2024, with high-tech industries seeing rapid growth

China's investment in fixed assets scaled up in 2024, with significant growth observed in high-tech industries, according to Kang Yi, head of the National Bureau of Statistics (NBS), on Friday.

At a press conference introducing the performance of China's national economy in 2024, Kang further provided detailed figures.

"In 2024, the investment in fixed assets (excluding rural households) reached 51,437.4 billion yuan, up by 3.2 percent over the previous year. The investment in fixed assets was up by 7.2 percent with the investment in real estate development deducted," said Kang.

Breaking down the figures, Kang noted that the investment in infrastructure went up by 4.4 percent, manufacturing up by 9.2 percent, and real estate development down by 10.6 percent. The floor space of newly-built commercial buildings sold was 973.85 million square meters, down by 12.9 percent; and the total sales of newly-built commercial buildings were 9,675.0 billion yuan, down by 17.1 percent, he explained.

In terms of industries, the investment in the primary industry went up by 2.6 percent; that in the secondary industry up by 12.0 percent; and that in the tertiary industry down by 1.1 percent. Private investment edged down by 0.1 percent. Excluding the investment in real estate development, private investment grew by 6.0 percent, according to Kang.

"The investment in high-tech industries grew by 8.0 percent. Specifically, the investment in high-tech manufacturing and high-tech services grew by 7.0 percent and 10.2 percent, respectively. In terms of high-tech manufacturing, the investment in manufacturing of aerospace vehicles and equipment, as well as in manufacturing of computers and office devices grew by 39.5 percent and 7.1 percent, respectively. In terms of high-tech services, the investment in technological services and in services based on commercialized scientific and technological transformation went up by 30.3 percent and 11.4 percent, respectively. In December, the investment in fixed assets (excluding rural households) grew by 0.33 percent month on month," said Kang.

China's fixed asset investment rises in 2024, with high-tech industries seeing rapid growth

China's fixed asset investment rises in 2024, with high-tech industries seeing rapid growth

South China's Guangxi Zhuang Autonomous Region saw a year-on-year growth of 10 percent in trade with countries of the Association of Southeast Asian Nations (ASEAN) from January to November this year, according to Nanning Customs.

In the first 11 months of 2025, Guangxi's imports and exports with ASEAN members reached 384.22 billion yuan (about 54.46 billion U.S. dollars), accounting for 52.9 percent of the provincial-level region's total foreign trade during this period, said the authority.

Among them, Vietnam remained Guangxi's largest trading partner in the ASEAN region, with trade growing by 7.1 percent. The growth rates with Indonesia and Singapore were also remarkable, standing at 51.7 percent and 62.7 percent respectively.

During the same period, Guangxi imported and exported a total of 726.54 billion yuan worth of goods, increasing by 9.5 percent year on year, the customs data showed.

South China's Guangxi sees 10-pct growth in trade with ASEAN in Jan-Nov period