The Tianjin Statistics Bureau released the city's economic performance for the first half of the year on July 16. The gross value of production in the city reached 788.4 billion yuan ($127 billion), increasing 9.4 percent since last year and 0.1 percent from the first quarter.

The added value of the primary industry reached 8.9 billion yuan ($1.4 billion), an increase of two percent. Secondary industry added 372.4 billion yuan ($60 billion) an increase of 9.4 percent, and tertiary industry 407.1 billion yuan ($65.6 billion), increasing 9.6 percent.

Fiscal revenue is increasing steadily. The income of general public budget reached 135.3 billion yuan ($21.8 billion) and increased 11.6 percent in the first half of 2015. Tax revenue reached 84.2 billion yuan ($13.6 billion) increasing 5.6 percent, accounting for 62.3 percent of the public budget revenue.

Revenue from operational taxes reached 27.6 billion yuan ($4.4 billion), increasing 13.8 percent and corporate income taxations increase 5 percent to 14 billion yuan ($2.3 billion).

Corporate benefits stayed positive, and the reduction of interest, taxation, and fees reduced corporate burdens.

From January to May, the total amount of industrial taxation increased 10.1 percent, the first time for the city realized two digit growth in 2015. The service industries' profits increased 18.4 percent. Leasing services grew 43.5 percent and software services 41 percent.

Green development has produced results, with industrial energy consumption falling 2.7 percent. Energy consumption for every 10,000 yuan ($1,611) of industrial added value fell 11.1 percent. Both rates rose 1.3 percent from the first quarter.

Industrial consumption of coals fell 1.69 million tons from last year. Natural gas took up 7.8 percent of the primary energy consumption, improving 2.1 percent from last year.

Innovation and technology drive the city's development. In the first half of 2015, the number of new medium and small tech corporations reached 7,266, including 298 high-profit start-ups. The total numbers were 68,208 and 3,315, respectively.

The industrial added value of medium, small, and micro enterprises increased 19.5 percent in the first half of 2015, 10 percent higher than the overall. Sales for those businesses increased 16.5 percent, 7.8 percent higher than the overall.

Secondary and tertiary industry grew together. The added value of services increased 9.6 percent, 2.3 percent more than last year and 51.7 percent of the city's gross production.

The financial industry reached 79.6 billion yuan ($12.8 billion) added value, increasing 11.7 percent. Transportation, storage, and postal services reached 35.6 billion yuan ($5.7 billion) and increased 8.2 percent. For-profit services including information, business, and culture reached 73.8 billion yuan ($11.9 billion) and increased 13.3 percent. Non-profit services including technology, education, and healthcare reached 78.9 billion yuan ($12.7 billion), increasing 12.5 percent.

Emerging industries outgrew traditional industries. The added value of manufacturing grew 9.5 percent, which was 0.1 percent faster than the first quarter.

Advanced manufacturing industry experienced positive growth. The added value of aviation and aerospace industries increased 55.9 percent. The environmental protection industry grew 34.9 percent. And the automobile industry grew 18.9 percent. These advanced manufacturing industries played a major role the city's industrial development.

Growth of some traditional industries slowed. The coal washing and choosing industry increased 2.9 percent Electric power and heating increased 1.2 percent. Both growth rates smaller than the industrial average.

The investment structure was further optimized, with overall investment on fixed capital reaching 686.7 billion yuan ($110.6 billion) an increase of 13.5 percent. Urban investment reached 646.8 billion yuan ($104.2 billion) and increased 13.9 percent. Rural investment reached 39.9 billion yuan ($6.4 billion), increasing 7.5 percent.

Investments to the service industry grew, Investment in urban tertiary industry reached 364.2 billion yuan ($58.7 billion), increasing 20.4 percent and taking up more than half (56.3 percent) of total urban investments.

Investment in infrastructure expanded to reach 112.3 billion yuan ($18.1 billion), 17.4 percent of the total investment to cities and towns and increasing 3.2 percent year to year.

The growth rate of real estate investment dropped. Total investment in real estate reached 104 billion ($16.8 billion), increasing 10.2 percent and 3.4 percent less than the first quarter of the year. Seven million square meters of commercial residential buildings were sold in the first half of the year, falling 2.5 percent.

Consumption increased in the first six months. The total retail sales of social consumer goods reached 248.3 billion yuan ($40 billion), increasing 10.8 percent, and online sales more than doubled to 9.6 billion yuan ($1.5 billion), driving the growth of retail sales to 4.7 percent. Express delivery services reached 99.7 million, increasing 83.9 percent.

The consumption of culture and recreation grew. Sales of sports and entertainment products increased 81.6 percent, and cosmetics increased 1.5 times.

Consumption of housing and transportation grew rapidly, with retail sales of construction materials, furniture, and automobiles increasing 56.5 percent, 33.3 percent, and 19.6 percent respectively. The consumption of public dieting and catering grew steadily. Turnover in accommodation and catering reached 28.1 billion yuan ($4.5 billion), increasing 16.1 percent and taking up nearly 80 percent of the city's overall turnover. It exceeded the total by 4.2 percent on average.

The total import and export volume reached $57.4 billion, which decreased 11.6 percent. Imports reached $31.3 billion, decreasing 21.9 percent. Exports reached $26.1 billion, increasing 5.1 percent.

Exports to Europe grew 7.2 percent, while exports to the American and Japanese markets decreased 11.6 percent and 13 percent respectively. The Belt and Road initiative had preliminary results. The exports to Association of Southeast Asian Nations (ASEAN) grew 42.8 percent.

The number of newly approved foreign - invested enterprises reached 414 in the first half of the year with as much as $14 billion investment, increasing 13.6 percent. The direct use of foreign capital reached $12.1 billion, increasing 11.8 percent. The actual amount of domestic capital reached 222.7 billion yuan ($35.9 billion), increasing 14.8 percent.

The integrated development of Beijing, Tianjin, and Hebei was promoted rapidly, with Beijing and Hebei enterprises investing 97.2 billion yuan ($15.7 billion), which took up nearly half (43.7 percent) of the actual utilization of domestic capital. Integrated customs clearance had great achievements. Goods from Beijing and Hebei took up 33.1 percent of the total amount of goods arriving in Tianjin.

Financial operations remained steady, with the growth rate of loans outgrowing the growth of deposits. The balance of loans from all financial institutions reached 2.5 trillion yuan ($402.8 billion) increasing 11.4 percent. A total of 150.7 billion yuan ($24.3 billion) were added since the beginning of the year, 9.6 billion yuan ($1.5 billion) more than last year.

The total balance of deposits for all financial institutions reached 2.7 trillion yuan ($435 billion), increasing 6.8 percent by the end of June. The total deposit volume had declined 2.4 percent since the end of May and had added 190.7 billion yuan ($30.7 billion) since the beginning of the year. A total of 28.1 billion yuan ($4.5 billion) of extra deposits were added compared to the amount last year.

The employment market remained steady, and the people'ds livelihood improved. The newly hired population reached 247,000 in the first half of the year, and the registered unemployment rate was 3.5 percent, which dropped 0.1 percent.

Disposable personal income in urban areas reached 18,131 yuan ($2,920.9) in the first half of the year, increasing 8.4 percent. Disposable personal income in rural areas reached 9,662 yuan ($1,556.5), increasing 9.2 percent.

Spending on housing securities, communities in both urban and rural areas, and education increased 100 percent, 30 percent, and 16.4 percent respectively, all higher than the overall growth of general public spending. A total of 21,600 homes were built for low income families, for a total of 38,000. A total of 5,100 households received subsidies for house rentals.

The environment was improved. The concentration of PM2.5 dropped 14.3 percent on average.

Consumer prices remained steady, and the price of production continued to drop. The residential consumer prices increased 1.5 percent, slightly higher (0.3 percent) than the growth in the first quarter. Production prices dropped 9.5 percent in the first six months of the year. The price of production materials and living materials dropped 11.4 percent and 1.9 percent respectively.