According to @KobeissiLetter, China’s fixed-asset investment fell 1.7% year over year in the first 10 months of 2025, the worst decline on record, source: @KobeissiLetter, Nov 24, 2025. Investment in October alone dropped 12.0%, marking a fifth straight monthly decline, source: @KobeissiLetter, Nov 24, 2025. Property investment was the main drag at down 14.7% year to date, while infrastructure spending rose just 0.1% despite stimulus, source: @KobeissiLetter, Nov 24, 2025. For trading, the data signals fading growth momentum in the world’s second-largest economy and elevates the need to monitor USD/CNH, Asia equities, and BTC and ETH volatility during Asia hours, source: @KobeissiLetter, Nov 24, 2025.