National fixed asset investment (excluding farmers) fell by 3.1% from January to June.

SMM News: from January to June, national fixed asset investment (excluding farmers) totaled 28.1603 trillion yuan, down 3.1 percent from the same period last year, or 3.2 percentage points lower than in January-May. Of this total, private investment in fixed assets totaled 15.7867 trillion yuan, down 7.3 percent, or 2.3 percentage points. In terms of month-on-month speed, fixed asset investment (excluding farmers) increased by 5.91% in June.

In terms of sub-industries, the investment in the primary industry was 829.6 billion yuan, up 3.8% from the same period last year, and the growth rate was 3.8% higher than that in January-May; the investment in the secondary industry was 8.5011 trillion yuan, down 8.3%, or 3.5%; and the investment in the tertiary industry was 18.8296 trillion yuan, down 1.0%. The decline narrowed 2.9 percentage points.

In the secondary industry, industrial investment fell 7.4% from the same period last year, 3.5 percentage points lower than in January-May. Of this total, investment in the mining industry fell 3.9 per cent, or 4.8 percentage points; investment in the manufacturing sector fell 11.7 per cent, or 3.1 percentage points; and investment in power, heat, gas and water production and supply increased by 18.2 per cent, an increase of 4.4 percentage points.

In the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply) fell 2.7 per cent year-on-year, 3.6 percentage points lower than in January-May. Among them, investment in the water conservancy management industry grew by 0.4% and fell by 2.0% from January to May; investment in the public facilities management industry fell by 6.2%, narrowing by 2.1 percentage points; investment in the road transport industry and the railway transport industry increased by 0.8% and 2.6% respectively, down 2.9% and 8.8% respectively from January to May.

From a regional point of view, investment in the eastern region fell 0.7% year on year, 3.3 percentage points lower than in January-May; investment in the central region fell 11.9%, or 3.2 percentage points; investment in the western region and northeast region increased by 1.1% and 0.4% respectively, down 0.9% and 2.5% from January to May, respectively.

According to the type of registration, investment by domestic enterprises fell 3.4% from the same period last year, 3.1 percentage points lower than that in January-May; investment by Hong Kong, Macao and Taiwan business enterprises and foreign enterprises increased by 0.6% and 3.9% respectively, down 4.4% and 0.2% respectively from January to May.

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