China's fixed asset investment grew at a faster pace than a year earlier, with investment in high-tech industries going up significantly, according to the data released by the National Bureau of Statistics (NBS) on Monday.
The investment totaled 5.2619 trillion yuan (about 734 billion U.S. dollars) during the January-February period, up 4.1 percent year on year and 0.9 percentage points higher than the full-year growth rate of 2024, said Fu Linghui, an NBS spokesman, at a press conference in Beijing,
"Excluding the property sector, the investment in fixed assets went up by 8.4 percent. Specifically, investment in infrastructure construction grew by 5.6 percent year on year, manufacturing investment rose by 9.0 percent, real estate development declined by 9.8 percent. New commercial housing sales shrank 5.1 percent year on year in terms of floor area to 107.46 million square meters, a reduction of 7.8 percentage points smaller than last year's full-year decline. In terms of value, new commercial housing sales dropped 2.6 percent year on year to nearly 1.026 trillion yuan, with the decrease narrowing by 14.5 percentage points," said Fu.
Investment in the primary, secondary and tertiary sectors went up by 12.2 percent, 11.4 percent, and 0.7 percent, respectively, according to Fu.
"The private investment maintained the same level as that of last year, increasing by 6.0 percent excluding the real estate sector. The investment in high-tech industries grew by 9.7 percent year on year, of which investment in information services, e-commerce services, computer and office device manufacturing, aerospace vehicle and equipment manufacturing grew by 66.4 percent, 31.9 percent, 31.6 percent, and 27.1 percent, respectively. In February, the investment in fixed assets (excluding rural households) edged up by 0.49 percent over that of the previous month," said Fu.
China sees faster growth in fixed asset investment in first two months of 2025
China sees faster growth in fixed asset investment in first two months of 2025
China sees faster growth in fixed asset investment in first two months of 2025
China's top housing authority has pledged to stabilize the real-estate market, rolling out a package of measures centered on city-specific policies to reduce inventories and optimize housing supply.
At a national conference held in Beijing on Tuesday, the Ministry of Housing and Urban-Rural Development announced that stabilizing the real estate market will be a central priority next year.
In 2026, local governments across China are expected to focus on city-specific policies aimed at controlling new housing supply, reducing existing inventory, and optimizing housing availability. Efforts will be integrated with urban renewal projects and the redevelopment of urban villages to revitalize and better utilize existing land resources. Authorities will also promote the acquisition of unsold commercial housing stock for conversion into affordable housing, resettlement units, dormitories, and apartments for skilled professionals.
The supply of government-subsidized housing will be optimized and implemented with greater precision, while a national housing quality improvement initiative will advance the orderly construction of "good homes." The role of the real estate project "whitelist" system will be further expanded to support the reasonable financing needs of property developers.
Municipal governments are encouraged to make full use of their autonomy in real estate regulation, adjusting and refining housing policies as appropriate to support both rigid and improvement-oriented housing needs, thereby fostering stable operation across local property markets.
China will also accelerate the formation of a new development model for the real estate sector. This includes building a foundational institutional framework, solidifying the corporate-based project development model, implementing a lead bank system for real estate financing, and promoting the sale of completed homes, effectively reducing the risk of delivery failures. For areas that continue with pre-sale practices, stricter oversight will be applied to the management of pre-sale funds to protect buyers' legal rights.
At the same time, reforms to the housing provident fund system will be deepened. The government will launch a campaign to improve the quality of property services and explore a new model of community governance led by grassroots Party organizations in collaboration with neighborhood committees, homeowners' associations, and property management companies. Moreover, the "property services plus lifestyle services" model will be explored, expanding property-related services into households.
China pledges to stabilize property market
