（原标题：中电联：7月全国全行业用电指数为139.9） 智通财经APP获悉，8月22日，中电联发布2025年7月全国电力消费系列指数(CNECI)情况。2025年7月， 全国全行业用电指数为139.9，全行业用电量比2020年基期(以2020年基期为100)增长了39.9%，年均增长 6.9%，同比增长6.5%，增速比上月提高1.9个百分点。 充换电服务业用电指数为1039.1，比2020年基期增长了939.1%，年均增长59.7%，同比增长43.6%。在电 动汽车高速发展带动下，"十四五"以来充换电服务业用电量保持高速增长势头。 7月，农林牧渔业用电指数为188.8，比2020年基期增长了88.8%，年均增长13.6%，同比增长20.2%。 7月，服务业用电指数为166.1，比2020年基期增长了66.1%，年均增长10.7%，同比增长10.7%，增速比 上月提高1.7个百分点。其中： 交通运输、仓储和邮政业用电指数为150.7，比2020年基期增长了50.7%，年均增长8.5%，同比增长 9.0%，增速比上月提高3.0个百分点。 信息传输、软件和信息技术服务业用电指数为173.9，比2020年基期增长了7 ...

Global Economic Trends - Global economic growth is expected to be 2.8% in 2025, which is 0.4 percentage points lower than the average growth rate from 2010 to 2019[14] - The World Bank predicts a global economic growth of only 2.3% in 2025, down from earlier forecasts[15] - International trade growth is anticipated to decline, with a projected decrease of 0.2% in global merchandise trade volume in 2025[16] China's Economic Outlook - China's GDP is projected to grow by approximately 4.7% in the second half of 2025, with a nominal GDP growth of 4.3% in the first half[27][28] - The Consumer Price Index (CPI) may turn negative in the second half of 2025, while the Producer Price Index (PPI) is expected to decline by around 3.0% for the year[30] - The unemployment rate for urban areas averaged 5.2% in the first half of 2025, reflecting a slight increase from the previous year[27] A-Share Market Performance - A-share companies' overall market value creation ability decreased by nearly 40 basis points in 2024 compared to 2023[40] - The performance of A-share companies is increasingly diverging from nominal GDP growth, particularly in the manufacturing sector[40] - The return on assets (ROA) and return on equity (ROE) for A-share companies continued to decline in 2024[40] Sector-Specific Insights - The first industry saw a significant recovery in asset returns due to rising pork prices, while the second and third industries experienced declines[10] - R&D investment in some sectors continued to rise in 2024, although some industries began to see a decrease[10] - The manufacturing sector is facing severe "involution" competition, impacting profitability and pricing power[30]

Group 1 - The total output value of agriculture, forestry, animal husbandry, and fishery in Shaanxi reached 142.62 billion yuan in the first half of the year, with a year-on-year growth of 3% [1] - The planting industry showed stable development with a year-on-year increase of 3.1% in output value, while the livestock industry improved with a 2% increase [1] - The agricultural economy in Shaanxi is exhibiting an overall stable development trend [1] Group 2 - The increase in summer grain planting area to 16.0384 million mu, up by 31,900 mu from last year, reflects a commitment to food security [2] - Continuous efforts in farmland protection policies and food production support have minimized the impact of drought on grain production [2] - The production of vegetables reached 9.165 million tons, and the output of traditional Chinese medicine materials increased by 23.8%, indicating the robust development of specialty industries [2] Group 3 - The promotion of new varieties and technologies contributed to a fruit production of 985,000 tons and a pig output of 6.08 million heads [3] - Technological innovation is a key driver for high-quality agricultural development, with significant advancements in breeding and smart agriculture [3] - Shaanxi agriculture is undergoing a critical transformation from quantitative to qualitative changes, with a focus on integrating various agricultural sectors [3]

Economic Overview - The GDP of Tai'an City in Shandong Province grew by 6.2% year-on-year in the first half of the year, reaching 192.34 billion yuan [1] - The total retail sales of social consumer goods increased by 7.6% year-on-year [1] - The total output value of the construction industry rose by 5.7% year-on-year [1] Industry Performance - The agricultural, forestry, animal husbandry, and fishery sector achieved a total output value of 42.08 billion yuan, growing by 4.5% year-on-year [2] - The industrial production value for large-scale enterprises increased by 7.6% year-on-year, with manufacturing leading at 9.3% growth [2] - The construction industry completed a total output value of 61.03 billion yuan, with significant contributions from installation and construction projects [2] Service Sector Growth - The revenue of large-scale service enterprises reached 16.21 billion yuan from January to May, marking an 11.0% year-on-year increase [3] - Among the ten major service sectors, eight experienced positive revenue growth, with seven sectors achieving double-digit growth [3] Investment and Consumption - Fixed asset investment in Tai'an increased by 5.1% year-on-year, with industrial investment rising by 23.3% [4] - Social retail sales of consumer goods grew by 7.6%, with significant contributions from home appliances and food categories [4] Foreign Trade - The total import and export value reached 29.22 billion yuan, reflecting an 18% year-on-year increase, with exports growing by 27.9% [5] - New markets in Africa and Latin America contributed significantly to export growth [5] Financial Stability - The general public budget revenue was 16.62 billion yuan, up by 4.2% year-on-year, while expenditures increased by 5.0% [6] - By the end of June, the balance of deposits in financial institutions reached 738.91 billion yuan, growing by 10.5% [7] Energy Consumption - Total electricity consumption was 14.43 billion kWh, with industrial and service sectors showing growth of 2.0% and 4.9% respectively [7]

Economic Overview - Guangdong province has released economic performance reports for the first half of 2025, with nine cities reporting growth rates exceeding 5% [2][3] - The overall economic growth rate for Guangdong province is 4.2% [6] City Performance - Meizhou's GDP reached 72.059 billion yuan, with an actual growth rate of 5.7%, surpassing the initial target of 5% [4] - Zhaoqing, Huizhou, and Chaozhou also reported growth rates above 5%, with Zhaoqing at 5.2% and the other three cities at 5.1% [5] - Dongguan and Qingyuan both recorded growth rates of 4.8%, exceeding the provincial average [6] - Yangjiang and Jieyang had lower growth rates of 3.5% and 3.4%, respectively [7] Sector Contributions - In Meizhou, the primary industry added value was 10.124 billion yuan (3.0% growth), the secondary industry 22.612 billion yuan (7.5% growth), and the tertiary industry 39.323 billion yuan (5.6% growth), indicating strong contributions from the secondary and tertiary sectors [10][11] - Advanced manufacturing in Meizhou saw an 8.4% increase in industrial output, with high-tech manufacturing growing by 21.7% [13][14] - Zhaoqing's primary industry added value was 17.534 billion yuan (4.8% growth), secondary industry 53.638 billion yuan (4.9% growth), and tertiary industry 64.629 billion yuan (5.6% growth), showing robust performance across all sectors [20][21] Industrial Growth - Huizhou's GDP was 291.006 billion yuan with a growth rate of 5.1%, driven by a 7.7% increase in the secondary industry [32] - Dongguan's GDP reached 606.784 billion yuan with a growth rate of 4.8%, supported by a 5.3% increase in the secondary industry [36] - Qingyuan's GDP was 106.855 billion yuan with a growth rate of 4.8%, with the secondary industry growing by 5.4% [40] Investment and Projects - In Zhanjiang, the GDP was 181.126 billion yuan with a growth rate of 5.1%, and the city has successfully attracted high-quality projects, with industrial output increasing by 129.9% [44][48] - The new projects in Zhanjiang totaled 3.29 billion yuan in investment [48] Challenges - Jieyang's GDP growth was 3.4%, lower than the previous year's 3.9%, with the secondary industry growing by only 3.6% [50][52] - Yangjiang's GDP growth remained at 3.5%, with the secondary industry increasing by 2.3% [54][56]

■ 截至6月底，省属企业资产总额达3.42万亿元，同比增长3.2%；所有者权益达1.1万亿元，同比增 长2.6% 7月23日，记者从省国资委获悉：上半年，省属企业生产经营平稳有序，主要产品产量稳定增长， 煤炭、成品油、天然气、汽车产量同比分别增长5.9%、6.6%、21.5%、0.9%，工业总产值同比增长 0.7%，利润总额实现时间任务"双过半"。截至6月底，省属企业资产总额达3.42万亿元，同比增长 3.2%；所有者权益达1.1万亿元，同比增长2.6%。 对照上半年全国地方国资监管企业主要行业数据，陕西省属企业运营的煤炭工业、建筑业、道路运 输业主要经营指标均优于全国平均水平；石油石化行业规模、效益优于全国平均水平；农林牧渔业效 益、盈利能力优于全国平均水平。 上半年省属企业固定资产投资提质加速，累计完成投资682.54亿元，同比增长0.1%。完成战略性新 兴产业投资179.3亿元，同比增长146.1%；完成工业投资484.6亿元、同比增长38.4%。 省国资委相关负责人表示，下一步，省国资系统将持续强化生产经营调度，狠抓监测分析，锚定利 润总额、全员劳动生产率等目标任务持续发力，确保顺利完成年度各项目标任 ...

Economic Overview - In the first half of the year, Xinjiang's GDP reached 984.648 billion yuan, with a year-on-year growth of 5.7% at constant prices [1][2] Sector Performance - The primary industry added value was 64.043 billion yuan, growing by 5.2% [2] - The secondary industry added value was 387.614 billion yuan, with a growth of 5.9% [2] - The tertiary industry added value was 532.991 billion yuan, increasing by 5.5% [2] Agricultural and Industrial Output - The total output value of agriculture, forestry, animal husbandry, and fishery was 129.575 billion yuan, with a year-on-year increase of 5.6% [2] - The industrial added value above designated size grew by 7.4%, supported by key industries [2] Consumer Market Trends - The total retail sales of consumer goods reached 189.358 billion yuan, with a year-on-year growth of 7.5%, an increase of 0.8 percentage points compared to the first quarter [2] - The "old-for-new" policy showed significant effects, with retail sales of communication equipment, home appliances, furniture, and cultural office supplies increasing by 137.2%, 112.9%, 78%, and 72.8% respectively [2] - The retail sales of automobiles increased by 8.8%, with new energy vehicle sales surging by 47.9% [2] Economic Policy Impact - The macroeconomic policies have shown effectiveness, contributing to a stable and positive economic trend, demonstrating strong resilience and vitality [2]

Economic Overview - In the first half of 2025, Ordos City demonstrated economic resilience with a GDP of 290.07 billion yuan, reflecting a year-on-year growth of 6.0% at constant prices [3] - The primary industry added value reached 1.82 billion yuan, growing by 6.2%, while the secondary industry saw an increase of 204.91 billion yuan, up by 7.4%, and the tertiary industry grew by 8.33 billion yuan, with a growth rate of 3.4% [3] Sector Performance - The agricultural, forestry, animal husbandry, and fishery sectors achieved a total output value of 3.53 billion yuan, marking a year-on-year increase of 6.3% [5] - The industrial added value for large-scale enterprises increased by 8.0% year-on-year [5] - Fixed asset investment rose by 10.3% year-on-year, indicating a recovery in investment activities [5] - The total retail sales of social consumer goods reached 31.05 billion yuan, with an 8.5% year-on-year growth [5] Energy and Consumption - Total electricity consumption in the city was 52.21 billion kWh, reflecting a year-on-year increase of 6.1% [5] - Per capita disposable income for residents was 27,163 yuan, up by 4.9% year-on-year, with urban residents earning 31,846 yuan (4.4% increase) and rural residents earning 12,574 yuan (5.7% increase) [5] Future Outlook - The economic environment is expected to improve as various policies are implemented, although challenges remain due to ongoing tariff impacts and constrained demand [7] - The city plans to enhance efforts in stabilizing employment, businesses, markets, and expectations, while promoting high-quality development to solidify the economic recovery [7]

Economic Overview - The province achieved a GDP of 66,967.8 billion yuan in the first half of the year, with a year-on-year growth of 5.7% at constant prices [1] - The primary industry added value was 1,777.6 billion yuan, growing by 4.2%; the secondary industry added value was 28,391.1 billion yuan, increasing by 5.5%; and the tertiary industry added value was 36,799.1 billion yuan, rising by 5.9% [1] Sector Performance - The agricultural sector showed stable summer grain production, with a total output of 14.213 million tons, a decrease of 0.6% year-on-year [1] - Industrial production grew rapidly, with a year-on-year increase of 7.4% in the added value of above-scale industries, with 33 out of 40 industrial categories showing growth [1] - The equipment manufacturing sector saw a 10.2% increase in added value, contributing 73.5% to the overall growth of above-scale industries [1] - The service sector also experienced steady growth, with a 5.9% increase in added value, supported by strong performance in the cultural and sports industries [1] Consumer Market - The total retail sales of consumer goods reached 23,949.0 billion yuan, with a year-on-year growth of 5.0% [2] - Urban retail sales were 21,428.4 billion yuan, growing by 4.8%, while rural retail sales were 2,520.6 billion yuan, increasing by 6.8% [2] - Sales of essential goods showed stable growth, with significant increases in food, clothing, and daily necessities [2] Emerging Industries - High-tech industries accounted for 51.8% of the total output value of above-scale industries, with a year-on-year growth of 11.8% in high-tech manufacturing [3] - The internet and related services, as well as software and IT services, saw revenue growth of 16.8% and 14.3%, respectively, contributing to the overall service sector growth [3] - Online retail sales reached 6,362.4 billion yuan, with a year-on-year growth of 7.9%, indicating a stable trend in e-commerce [3]

Economic Overview - Hunan Province's GDP for the first half of 2025 reached 26,166.50 billion yuan, with a year-on-year growth of 5.6% [1] - The primary industry added value was 1,759.68 billion yuan, growing by 4.0%, while the secondary industry added value was 9,307.50 billion yuan, growing by 6.2%, and the tertiary industry added value was 15,099.32 billion yuan, growing by 5.4% [1] Sector Performance - Agricultural sector showed recovery with a 4.2% year-on-year increase in the added value of agriculture, forestry, animal husbandry, and fishery; summer grain production reached 467,000 tons, up 1.8% [1] - Industrial production remained robust, with a 8.2% increase in the added value of large-scale industries; equipment manufacturing grew by 12.2%, contributing 4.0 percentage points to overall industrial growth [1] - The service sector also performed well, with a 7.2% increase in revenue for large-scale service enterprises from January to May, with 30 out of 34 major industry categories experiencing growth [1] Consumption and Investment - Social retail sales in Hunan totaled 10,391.81 billion yuan, reflecting a 6.2% year-on-year growth; significant increases were noted in the sales of communication equipment (71.6%), home appliances (55.2%), and cultural office supplies (35.1%) [2] - Fixed asset investment grew by 2.6%, with major construction project investments increasing by 6.5% and industry investments rising by 9.1% [2] Future Outlook - Hunan's economic operation is characterized as stable with progress, but challenges remain due to a complex external environment and insufficient effective demand [2] - The province plans to accelerate internal demand expansion, strengthen industries, enhance technological innovation, deepen reform and opening-up, and improve the environment to ensure steady and healthy economic development [2]