Skip to Content Facebook Feature Image

China's fixed-asset investment sees stable growth in January-June

China

China

China

China's fixed-asset investment sees stable growth in January-June

2025-07-15 21:40 Last Updated At:07-16 18:17

China's fixed-asset investment maintained stable growth in the first half of 2025, with sectors of infrastructure and manufacturing attracting steady capital inflows, a senior official from the National Bureau of Statistics (NBS) said on Tuesday.

Sheng Laiyun, deputy head of the NBS, made the statement at a press conference in Beijing in briefing on China's economic performance in the first half of the year.

"In the first half of this year, China's investment in fixed assets reached 24.9 trillion yuan (about 3.48 trillion U.S. dollars), up 2.8 percent year on year. After the deduction of investment in real estate development, the country's fixed-asset investment went up by 6.6 percent year on year. Specifically, investment in infrastructure construction rose 4.6 percent from the same period of last year and manufacturing investment climbed 7.5 percent year on year. Investment in real estate development declined by 11.2 percent from the same period of last year. The floor space of newly built commercial buildings sold across the country hit 458.51 million square meters, down 3.5 percent year on year. The total sales of newly built commercial buildings dropped 5.5 percent year on year," Sheng said.

"In the first six months, investment in the primary industry went up 6.5 percent, investment in the secondary industry up by 10.2 percent and that in the tertiary industry down by 1.1 percent year on year. Private investment dipped 0.6 percent year on year. Stripping out real estate investment, private investment gained 5.1 percent," said the official.

China's fixed-asset investment sees stable growth in January-June

China's fixed-asset investment sees stable growth in January-June

The construction of the main structure of the first phrase of the Bailong nuclear power plant has started in south China's Guangxi Zhuang Autonomous Region, with the pouring of the first concrete for the nuclear island of Unit 1, the State Power Investment Corp (SPIC) said on Monday.

The nuclear power plant, located at the Jiangshan Peninsula in Fangchenggang of Guangxi Zhuang Autonomous Region, is designed to house six one-million-kilowatt units with a total installed capacity of 8.62 million kilowatts. It represents an investment of 120 billion yuan (about 17 billion U.S. dollars).

The first phase of the nuclear power plant will employ domestically designed third-generation technology, with each unit having a capacity of 1.25 million kilowatts.

"Once the two units in the first phrase are put into operation, the plant will generate 20 billion kilowatt-hours of electricity annually. This will cut standard coal consumption by around six million tons and reduce carbon dioxide emissions by about 16 million tons, with the carbon dioxide reduction equivalent to the planting of 44,000 hectares of broad-leaf forest," said Cai Hongtai, chief commander of the SPIC Bailong nuclear power plant project.

Construction of Bailong nuclear power plant's main structure begins

Construction of Bailong nuclear power plant's main structure begins

Recommended Articles