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Tax data reveals rapid growth in China's high-tech industries

🏛️ CGTN Tech & Sci (oficial) ·
Tax data reveals rapid growth in China's high-tech industries

China's high-tech industries and AI-related sectors recorded robust growth in the first eight months of 2026, according to tax data released by the State Taxation Administration on Monday.

From January to August, sales revenue across China's high-tech industries rose 15.7% year on year, while sales revenue in high-tech manufacturing increased 18.9%, the administration said.

Notably, sales revenue in AI-related integrated circuit manufacturing and intelligent vehicle equipment manufacturing surged 67.7% and 38.8%, respectively, highlighting strong growth in emerging technology sectors.

The data also pointed to deeper integration between the digital and real economies.

In the January-August period, sales revenue in digital product manufacturing and digital product services increased 16.6% and 11.1%, respectively.

Meanwhile, China's industrial sales revenue grew 7.3% year on year, with equipment manufacturing sales revenue rising 10.1%.

An official with the administration said the tax data reflected the Chinese economy's continued positive momentum, driven by emerging growth engines and an improving economic structure.

The growth in industrial sales revenue, particularly in high-tech industries, came as China's industrial output continued to gain pace.

Earlier data from the National Bureau of Statistics showed that China's value-added industrial output rose 5.2% year on year in August, accelerating by 0.7 percentage points from July.

Output in high-tech manufacturing jumped 16.7%.

A tax administration official said it will continue to implement tax and fee policies to support businesses, strengthen growth drivers and stimulate market vitality.

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此摘要由5News从媒体的公开信息源汇聚而成。 包含完整背景的全文在www.cgtn.com — 内容归CGTN Tech & Sci (oficial)所有。

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