In the first half of the year, the energy consumption and freight volume of the whole society increased rapidly, the output of key products increased steadily, the PMI index remained at a high level, and the market confidence was more stable. A series of physical volume indicators not only increased faster, the structure was also significantly improved, and the situation of economic stability was better.

First, the electricity consumption of the whole society has increased rapidly, and the electricity consumption structure has been continuously optimized. In the first half of this year, the total electricity consumption of the whole society was 3 trillion and 230 billion kwh, an increase of 9.4% over the same period last year, and the growth rate was 3.1 percentage points higher than that of the previous year. With the continuous optimization of the electrical structure, the industrial electricity consumption increased by 7.5%, 1.4 percentage points, and the electricity consumption of four high load energy industries increased by 5.1%, down by 3.3 percentage points, and the electricity consumption of the high-tech manufacturing industry and the equipment manufacturing industry increased rapidly. The electricity consumption in the service sector continued to grow at a high level, rising by 14.7% over the first half of the year, an increase of 5.4 percentage points, and a further increase to 15.7% in the total electricity consumption of the whole society. In the service industry, the electricity consumption that is closely related to information technology continues to grow. Information transmission and software and information technology services, real estate, wholesale and retail, transportation and warehousing and postal industry increase by 25.5%, 18.8%, 14.1% and 13% respectively.

The two is the steady and rapid growth of freight volume, and the structural adjustment of freight transport has achieved initial success. In the first half of this year, the total cargo volume of the whole society was 232 million tons, an increase of 6.9% over the same period, and the growth rate was 0.6 percentage points higher than that in the first quarter. In the first half of the year, the freight volume was 20 billion tons, up 7.7%, accounting for 8.4% of the total social freight volume. The coastal ports in Hebei, Tianjin, basically realized the transportation of coal collecting port, and the volume of ore transportation in the harbor of Caofeidian and other ports increased greatly. Container Rail rail intermodal transport grew rapidly, and container traffic increased by 44.5% in the first half of the year. The highway completed 180 million tons of cargo, up 7.7%. Express completion of the business volume of about 22 billion, an increase of 27%.

Three, the output of key products has increased steadily, and the new products that conform to the direction of industrial upgrading are growing faster. In the first half of this year, the output of major energy and raw materials products increased steadily, and the output of coal, gasoline and natural gas increased by 3.9%, 6% and 4.6% respectively. Mechanical electronics products are growing steadily, new products are growing fast, new energy vehicles increase by 88.1%, excavators, loaders and cranes increase by 43.5%, 29.8% and 39.6% respectively, industrial robots increase 23.9%, environmental pollution prevention and control equipment increase 13.3%, and integrated circuit growth is 15%. The growth of light industry and textile products is stable. The output of air conditioning increased by 14.4%, the output of smart TV increased by 16.7%, and the output of dairy products increased by 8.1%.

Four, PMI is at a relatively high level, and the overall business climate is generally good. In June, the PMI of manufacturing industry was 51.5%, 0.2 percentage points higher than the first half of the year. Among them, PMI of pharmaceutical manufacturing industry, special equipment manufacturing industry, computer communication electronic equipment and instrument and instrument manufacturing industry are located in high prosperity interval; the production index and new order index are 53.6% and 53.2% respectively, 0.6 and 0.4 percentage points higher than the average in the first half of the year, and the market supply and demand continues to expand. The non manufacturing industry generally maintained a steady development momentum. In June, the non manufacturing business activity index was 55%, 0.2 percentage points higher than the average in the first half of the year, and steadily rose for 4 months in a row. Among them, railway transportation, air transport, telecommunications, banking and other industries are located in the high boom section.

Five, market confidence is more stable, and all sides are optimistic about the future development expectations. According to the people's Bank of China (PBC) survey, the two quarter entrepreneur confidence index was 75.8%, up 10.4 percentage points, the highest level since 2011, and the macroeconomic confidence index of bankers was 81.2%, up 13.4 percentage points, the second high level since 2011. According to a survey by the National Bureau of statistics, China's consumer confidence index in May was 122.9, 16.1 points higher than the average since 2012, and it was in the historical high range since the survey in 1998. Among them, the satisfaction index of consumers' views on the current situation was 118.1, and the expectations of the antireflection consumers to the future situation were expected. The number is 126.1 points, 16.7 points higher and 15.8 points higher than the average since 2012.

The physical quantity index is an important window to observe the economic situation. In the first half of the year, a series of physical quantity indexes continue to be good, which deeply reflects the characteristics of the stable economic operation and the optimization and upgrading of the structure. Although the uncertainty of the current external environment is increasing, the steady trend of China's economy is still developing steadily, and the pace of economic development towards high quality is still steady.