In the first half of this year, manufacturing investment increased by 6.8 percent year-on-year with the growth rate rebounding for three consecutive months, and is 3 percentage points faster than the first quarter, indicating a momentum for a solid and steady economic performance.

With the advancement of supply-side structural reforms, new supply has maintained strong growth. In the first half of the year, the added value of high-tech industries, equipment manufacturing and strategic emerging industries in the industrial sector increased by 11 percent, 9.2 percent and 8.7 percent respectively, which was significantly faster than the growth rate of industrial added value above designated size .

"The new industry, which represents a new round of technological revolution and industrial transformation, has grown steadily, and its leading role in promoting economic and social development is more prominent," said Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges.