In the first half of the year, China actively expanded effective investment, stimulated investment vitality, maintained rapid growth in key areas of investment, and continuously optimized the investment structure. The investment in equipment renovation and renovation has maintained a rapid growth, which is a major highlight in the investment field in the first half of the year. The latest data shows that in the first six months, investment in equipment upgrading and transformation increased by 17.3% year on year, driving the growth of fixed assets investment by 2.1 percentage points. Large scale equipment renovation and upgrading, promoting the transformation and upgrading of traditional industries, and accelerating the development of advanced manufacturing. In the first half of the year, investment in high-tech manufacturing and high-tech industries increased by 10.1% and 10.6% year-on-year, respectively, which was 6.2 and 6.7 percentage points faster than total investment. Driven by high-tech manufacturing, manufacturing investment increased by 9.5% year-on-year in the first half of the year, with a growth rate 5.6 percentage points higher than total investment; The contribution rate to the overall investment growth reached 57.5%, an increase of 5.2 percentage points from the first quarter. In the first half of the year, infrastructure investment also maintained steady growth. At present, the Zhangbei Shengli 1000 kV high-voltage AC project is entering an accelerated construction period and will be put into operation in October. As an important component of China's "West East Electricity Transmission", over 70 billion kilowatt hours of electricity can be transmitted annually from Ximeng and Zhangjiakou Energy Base to Beijing Tianjin Hebei Shandong Jiangsu and other regions. Since the beginning of this year, the Yellow River Guxian Water Conservancy Hub Project has started construction, more than half of the Pinglu Canal has been excavated, and the Shenzhong Passage has been completed and opened to traffic. In the first half of the year, China's infrastructure investment increased by 5.4% year-on-year, faster than the total investment and driving a 1.2 percentage point increase in total investment. A batch of major projects related to social livelihood and urban development are accelerating construction, continuously enhancing the momentum of economic development. (New Society)