fixed capital

"Given that there are fixed capital budgets in all government departments, there is very little room for them to manoeuvre as well, so you're in a kind of Catch-22 situation."

As this graphic from the Reserve Bank of Australia shows, "residential gross fixed capital" as a proportion of GDP is close to 20% in China — the comparable proportions in Australia, Japan, South Korea and the U.S. are all around 5% or less.

Gross fixed capital formation added 0.1 points and net trade a further 0.7 points as imports declined.

The negatives were household spending and gross fixed capital formation.

Fixed capital investment is money spent on assets to increase their value, such as the construction and renovation of buildings or buying new equipment.