China Fixed Asset Investment y/y reflects dynamics of changes in the amount of funds invested in fixed assets of non-agricultural Chinese enterprises in the given month compared to the same month of the previous year. The indicator calculation only includes investment projects above 500,000 yuan.
The indicator covers investment from all sources: state-owned funds, private funds, funds invested by foreigners in Chinese companies, etc.
Therefore, growth of investment in fixed assets can be seen as positive for yuan quotes.