China’s fixed-asset investment fell by 2.6% year-on-year in January-November 2025 period, more than market expectations of a 2.3% decrease and following a 1.7% drop in the first ten months.

This was the third straight month of decline and the sharpest since June 2020, due to continued decreases in property investment (-15.9% vs -14.7% in January-October) and infrastructure (-1.1% vs -0.1%), alongside softer growth in manufacturing (1.9% vs 2.7%).

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