New quality productivity accelerates development, green transformation speeds up... Highlights of economic performance in the first three quarters as seen through tax data.
Sales revenue in the high-tech industry increased by .%, and sales revenue in the ecological protection and environmental governance industry increased by .%... According to value-added tax invoice data released by the State Taxation Administration, in the first three quarters of this year, China's new high-quality production capacity has accelerated development, the construction of a unified national market has been steadily advancing, and the transformation towards green and low-carbon has accelerated, with highlights emerging in areas such as industrial operation, new kinetic energy industries, equipment upgrades, and consumer goods trade-ins.
Industrial operations remain stable overall – according to VAT invoice data, sales revenue of industrial enterprises nationwide increased by .% in the first three quarters. Among them, the equipment manufacturing industry grew by .%, with particularly positive developments in advanced manufacturing sectors such as computer and communication equipment manufacturing, and instrument and meter manufacturing, which saw respective growth rates of .% and .%.
New Quality Productive Forces Accelerate Development — According to VAT invoice data, in the first three quarters, sales revenue in high-tech industries increased by .%. Among them, high-tech services and high-tech manufacturing grew by .% and .% respectively. Sales revenue in the core industries of the digital economy increased by .%.
"Two New" Development Shows Strong Momentum — According to VAT invoice data, in the first three quarters, driven by the large-scale equipment renewal policy, the national enterprise procurement of machinery and equipment increased by .%. Encouraged by national incentives, local support, and corporate discounts, retail sales of household audio-visual equipment such as televisions, daily household appliances like refrigerators, respectively grew by .% and .%; retail sales of furniture related to home decoration and sanitary ware increased by .% and .% respectively.
Green and Low-Carbon Transformation Accelerates — VAT invoice data shows that in the first three quarters, sales revenue in the ecological protection and environmental governance industry increased by .%, with a .% increase in September alone. Sales revenue in the green technology services sector, including new energy, energy conservation, and environmental protection, increased by .%, .%, and .% respectively.
The construction of a unified national market is steadily advancing—according to VAT invoice data, sales revenue in the transportation and logistics industry increased by % in the first three quarters. Inter-provincial sales nationwide grew by .%, faster than the overall growth rate of national enterprise sales revenue by . percentage points, reflecting relatively smooth inter-provincial trade in goods and services.
A senior official from the relevant departments of the State Taxation Administration stated that the tax authorities will continue to fully implement the already clarified tax and fee support policies, and coordinate with relevant departments to promptly study and introduce new incremental policies, further promoting the sustained recovery and improvement of the economy.