China’s fixed investments in past 5 years
China reported 社会消费品零售总额 Total Retail Sales of Consumer Goods (a narrower concept than consumption) is 501,202 亿元 in 2025, up 3.7% yoy.
China reported 社会消费品零售总额 is 487,895 亿元 in 2024.
From 2020 to 2025, fixed investments % of GDP has lowed from over 50% to 35%.
Meanwhile, 社会消费品零售总额 finally surpassed fixed investments in absolute amount in 2025, by a think margin.
Also see previous post on consumption: When we are saying China needs to boost household consumption