Tax data shows that China's new quality productivity continues to cultivate and grow
2025-07-02
On July 1st, the reporter learned from the State Administration of Taxation that in recent years, the tax department has conscientiously implemented a series of tax preferential policies issued by the state to support scientific and technological innovation, promoting the precise and rapid delivery of policy dividends to business entities, and better serving the development of China's new quality productivity. The three fields of digital economy, high-tech industry, and robotics industry are typical representatives of new quality productivity. The final settlement and payment data of corporate income tax for the year 2024, which ended at the end of May, showed that a total of 1.97 trillion yuan of corporate income tax was waived in three areas, with a year-on-year increase of 7.1% in total operating revenue and 5.2% in total profit, continuing to grow and expand. The overall development trend of the three fields mentioned above is good, and the tax preferential policies have a significant effect in assisting. ”Song Xiangqing, Vice President of the China Society of Business Economics, stated in an interview with reporters that the 1.97 trillion yuan tax reduction fully reflects the strong support of tax preferential policies for the field of new quality productivity, which effectively promotes the development of related industries and enables enterprises to invest more funds in research and development, production, market expansion and other aspects, further enhancing their competitiveness. At the same time, the total operating revenue of the three fields increased by 7.1% year-on-year, and the total profit increased by 5.2% year-on-year. This growth rate reflects that the new quality productivity has become one of the important engines of China's economic growth, playing a positive role in promoting high-quality economic development and providing strong support for the stable growth of the overall economy. Looking specifically at these three areas, the digital economy continues to make efforts. In 2024, the operating revenue and total profit of the digital economy and its core industries increased by 5.9% and 2.7% respectively year-on-year. The operating revenue and total profit of the information transmission, software, and information technology services industry increased by 11.5% and 13.2% respectively year-on-year. The operating income and total profit of 13 leading enterprises, including ByteDance, Tencent and Alibaba, increased by 11.9% and 19.7% respectively year on year, highlighting the deep empowerment of digital technology innovation for economic development. The high-tech industry is constantly breaking through. In 2024, the operating revenue and total profit of high-tech industries such as pharmaceutical manufacturing and aerospace increased by 8.9% and 7.5% respectively year-on-year. Driven by technological innovation, high-tech industries have continuously expanded their market size and enhanced their profitability, gradually becoming one of the most dynamic and promising parts of economic growth. ”Song Xiangqing said. In terms of segmented industries, the revenue and total profit of scientific research and technology services increased by 11.7% and 7.5% respectively year-on-year, while the revenue and total profit of the aerospace industry increased by 10.5% and 26.3% respectively year-on-year. The development of high-end manufacturing has reached a new level. The acceleration of energy storage in the robotics industry. The field of robotics has entered a fast lane of development, with an average year-on-year growth of 10.2% in operating revenue in the robotics industry in the past two years, and the development potential continues to be released. In terms of segmented fields, the operating revenue of special operation robots, service consumer robots, and industrial robots in 2024 increased by 28.4%, 12.4%, and 7% year-on-year, respectively. The accelerated implementation of multi scenario applications injects strong impetus into the intelligent transformation of the manufacturing industry. The relevant person in charge of the State Administration of Taxation stated that the tax department will fully implement the policy of detailed structural tax reduction and fee reduction, continuously deepen and expand the "policy to find people", and make the benefits fully enjoyed. At the same time, we will strictly crack down on illegal activities such as irregular enjoyment and malicious fraud of tax and fee benefits in accordance with the law, resolutely prevent policy "red envelopes" from falling into the pockets of criminals, and continue to promote the transformation of the manufacturing industry towards high-end, intelligent, and green development, providing strong support for the development and growth of new quality productivity. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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