According to data from China's National Bureau of Statistics, from January to August 2026, national fixed asset investment (excluding rural households) was 29,309.2 billion yuan, a year-on-year decrease of 7.2%. Of this, private fixed asset investment decreased by 10.1% year-on-year. By industry, investment in the primary industry decreased by 2.4% year-on-year, investment in the secondary industry decreased by 2.9%, and investment in the tertiary industry decreased by 9.9%. Investment in intellectual property products increased by 9.2% year-on-year. On a month-on-month basis, fixed asset investment (excluding rural households) in August decreased by 0.5%.