China's Fixed-Asset Investment Falls 7.2% as Capital Shifts to Tech
Beijing – September 18, 2026 -- China's fixed-asset investment fell 7.2% year on year in the first eight months of 2026, yet the total remained substantial at roughly 29.3 trillion yuan (US$4.33 trillion), with capital increasingly redirected toward technological innovation and modern infrastructure.
Wang Guanhua, spokesperson for the National Bureau of Statistics (NBS), attributed the decline to heat waves, typhoons, and floods disrupting construction, alongside external uncertainty and a domestic shift from traditional to new growth drivers that has made businesses more cautious. She said investment performance should not be judged solely by growth rate, but by its role in supporting economic transformation.