2024 H1: China's fixed-asset investment grew 3.9% YoY to 24.54 trillion yuan, with high-tech sectors seeing significant capital influx.
In the first half of 2024, China experienced stable growth in fixed-asset investment, with a 3.9% increase year-on-year, reaching 24.54 trillion yuan (around $3.44 trillion). High-tech sectors observed a significant capital influx, as stated in data released by the National Bureau of Statistics (NBS). This growth is attributed to strong demand for equipment upgrades and trade-in of consumer goods. China plans to boost effective investment by promoting major projects, industrial upgrades, and equipment renewals, while also stimulating private capital.
July 15, 2024
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