China Is Producing More While Investing Less in 2026
FAI has contracted for six consecutive months as private and construction spending weakens, while industrial output continues to expand.
China’s Construction Output Remains Stable as New Project Pipeline Slows
New project starts have declined sharply since 2021 as real estate investment weakens, while completions continue to support overall construction activity.
China’s Investment Engine Moderates as Private and Property Activity Weakens
Fixed asset investment has continued to expand steadily, but growth has slowed in recent years, with the sharpest declines in real estate and construction.