On April 9th, the latest tax data released by the State Taxation Administration shows that in the first quarter, China's manufacturing sales revenue continued to grow, innovation momentum was constantly accumulating, new - quality productivity was being fostered at a faster pace, and the sales of high - tech industries maintained a relatively rapid growth momentum.
Value - added tax invoice data shows that in the first quarter, the sales revenue of the manufacturing industry increased by 4.8% year - on - year, accounting for 29.1% of the national sales, an increase of 0.8 percentage points compared with the same period last year, providing important support for the sustained economic growth. Among them, the sales revenue of the equipment manufacturing industry increased by 9.7% year - on - year, maintaining a relatively rapid growth.
In addition, value - added tax invoice data shows that in the first quarter, the sales revenue of China's high - tech industries increased by 13.4% year - on - year, continuing the relatively rapid growth trend. The sales revenue of the digital product manufacturing industry and the digital technology application industry increased by 12% and 11.6% year - on - year respectively, reflecting the continuous deepening of the integration of the digital and real economies. With China's breakthroughs and popularization in the field of artificial intelligence, the sales revenue of the scientific research and technology service industry and the information technology service industry increased by 19.6% and 11.4% year - on - year respectively.
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