Economy

Tax data shows good start to economic development

2026-04-03   

Since the beginning of this year, China has successively implemented a new round of high-quality development actions for key manufacturing industry chains, special actions to boost consumption, and taken a series of measures to promote the deep integration of technological innovation and industrial innovation. The invoice data released by the State Administration of Taxation on April 1st shows that China's economic development has shown a good start, stable foundation, and excellent quality. The development of manufacturing industry has been steadily increasing in quantity and quality, and the role of "ballast stone" has been further highlighted. From January 1st to March 25th, the sales revenue of the manufacturing industry increased by 5.4% year-on-year, accounting for 29.2% of the national enterprise sales revenue. In particular, the sales revenue of the equipment manufacturing industry increased by 6.3% year-on-year, accounting for 46.5% of the manufacturing industry's sales revenue, an increase of 0.4 percentage points compared to the same period last year. Among them, the sales revenue of advanced manufacturing industries such as electrical machinery and equipment manufacturing and computer communication equipment manufacturing increased by 11.4% and 11.6% year-on-year, respectively. The new energy industry is steadily developing, and the momentum of technological innovation continues to increase. From January 1st to March 25th, the sales revenue of high-tech industries increased by 14.6% year-on-year, with sales revenue of high-tech manufacturing and high-tech service industries increasing by 12.7% and 15.8% respectively; Driven by the demand for artificial intelligence and computing power centers, the sales revenue of integrated circuit design and integrated circuit manufacturing increased by 48.9% and 40.7% year-on-year, respectively. The energy structure continues to be optimized, and the green transformation is accelerating. From January 1st to March 25th, the development of ecological and environmental protection related industries accelerated, with sales revenue in the ecological protection and environmental governance industry increasing by 9.6% year-on-year; The sales revenue of clean energy power generation has grown rapidly, accounting for 36.3% of the electricity production and sales revenue, an increase of 4.5 percentage points compared to the same period last year. Among them, the sales revenue of solar power generation and wind power generation increased by 18.5% and 9.9% respectively year-on-year, significantly faster than the average growth rate of electricity production and sales revenue. The vitality of service consumption is released, and the holiday economy has a significant driving effect. From January 1st to March 25th, service consumption maintained rapid growth, with sales revenue from homestay services and residential services increasing by 15.3% and 7.3% respectively year-on-year; The super long Spring Festival holiday has ignited the cultural and tourism market, with active cultural tourism and leisure entertainment markets. The sales revenue of travel agencies and related service industries, as well as cultural and sports entertainment industries, increased by 14.3% and 14.1% year-on-year, respectively. The growth rate of equipment procurement by enterprises is relatively fast, and the vitality of equipment investment is enhanced. From January 1st to March 25th, the amount of machinery and equipment purchased by enterprises reflecting equipment updates increased by 8.4% year-on-year, continuing to maintain a rapid growth trend. Among them, the procurement amount of machinery and equipment in the information technology service industry and scientific research technology service industry increased by 15.8% and 27.2% respectively year-on-year, indicating strong equipment renewal momentum. Inter provincial trade is steadily growing, and the construction of a unified national market is continuously advancing. From January 1st to March 25th, the sales revenue of inter provincial trade in China increased by 4.3% year-on-year, accounting for 41% of the national sales. Over 80% of the inter provincial trade sales revenue in China achieved positive growth. At the same time, the inter provincial sales of transportation and logistics industry increased by 6% year-on-year, 2.2 percentage points faster than the average growth rate of transportation and logistics industry, effectively supporting the deepening of the construction of a unified national market. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:People's Daily

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