Electricity consumption is the barometer of economic operation. According to data released by the China Electricity Council, the total electricity consumption in China in 2023 was 9.22 trillion kilowatt hours, a year-on-year increase of 6.7%, with a growth rate 3.1 percentage points higher than in 2022. The continuous recovery of national electricity consumption has released positive signals of economic recovery. Looking at the total amount, electricity consumption is stable and improving, and the economic development is full of confidence. In 2023, China's electricity consumption has shown an upward trend, with the total social electricity consumption increasing by 3.6%, 6.4%, 6.6%, and 10.0% year-on-year in each quarter, and the year-on-year growth rate accelerating quarter by quarter. Although there are reasons for the low electricity consumption base during the same period due to the impact of the epidemic in 2022, it more reflects that with the gradual recovery of consumption and the increase of production efforts by enterprises, China's economy is steadily recovering, and the economic operation is full of vitality and potential. Looking at quality, new momentum is constantly accumulating, and the economic development structure is better. Rural revitalization is full of vitality. Thanks to China's continuous investment in improving rural power infrastructure, promoting agricultural production, rural industrial electrification transformation, and industrial upgrading, the electricity consumption of the primary industry increased by 11.5% year-on-year in 2023, with an average annual growth of 11.4% in the past five years. The rapid growth of electricity consumption in the primary industry reflects a good situation of agricultural and rural production and strong economic vitality. The transformation and upgrading of the manufacturing industry are accelerating. In 2023, the electricity consumption of the secondary industry increased by 6.5% year-on-year, and the year-on-year growth rate increased from 4.2% in the first quarter to 9.4% in the fourth quarter. The high-tech and equipment manufacturing industry in the manufacturing industry saw a year-on-year increase of 11.3% in electricity consumption, exceeding the overall growth level of the manufacturing industry by 3.9 percentage points. The year-on-year growth rate in each quarter showed an upward trend, reflecting a clear trend in the transformation and upgrading of the manufacturing industry structure, and the sustained growth of new drivers of economic growth. The service industry is steadily recovering. In 2023, the electricity consumption of the tertiary industry increased by 12.2% year-on-year, with an overall upward trend in quarterly year-on-year growth rate and two-year average growth rate. From an industry perspective, the wholesale and retail industry, accommodation and catering industry, leasing and business services industry, transportation/warehousing, and postal industry saw a year-on-year growth rate of 14% to 18% in electricity consumption. These four industries were heavily impacted by the epidemic in some parts of 2022, and the recovery trend after the epidemic was obvious. It is worth noting that new energy vehicles have become a new engine for electricity consumption growth, and the rapid development of the industry has driven the charging and swapping service industry to see a year-on-year increase of 78.1% in electricity consumption in 2023, with an average annual growth of 79.4% in the past five years. The coordination of regional development has been enhanced. In 2023, the total social electricity consumption in the eastern, central, western, and northeastern regions increased by 6.9%, 4.3%, 8.1%, and 5.1% year-on-year, respectively. Among them, the growth rate of electricity consumption in the western and eastern regions is relatively leading. Benefiting from abundant energy resources, sustained infrastructure construction, and orderly industrial transfer, the western region's electricity consumption growth rate has surpassed that of the eastern region, presenting a good economic development momentum. As the main engine of China's economy, the industrial recovery in the eastern region is fast and resilient. According to data from State Grid Jiangsu Electric Power, in 2023, all three major industries in Jiangsu achieved positive growth in electricity consumption, with industrial electricity consumption increasing by 7.2% year-on-year. Among them, electrical machinery and equipment