AI Data Insight
China's manufacturing fixed asset investment (cumulative year-over-year growth) plummeted to -0.4% in April 2026 (Q2 2026), turning negative from the previous reading of 1.2%. This decline highlights the dual blow of sluggish domestic demand and low capacity utilization faced by enterprises, indicating that existing official stimulus policies are still struggling to reverse the downward trend of shrinking capital expenditures.