The State Administration of Taxation held a press conference this morning. Relevant officials explained that since this year, China's economy has been stable, moderate and positive, the economic structure has been continuously optimized, and development momentum has continued to increase. According to reports, judging from tax data such as invoices, in the first 11 months of this year, the amount of machinery and equipment purchased by enterprises across the country increased 10.7% year on year, reflecting an increase in corporate equipment investment; sales revenue from the telecommunications and home appliance retail industries included in the scope of consumer goods trade-in policy increased by 20.3% and 26.5%, respectively, reflecting the continued release of the effects of consumer policies; the share of manufacturing tax revenue stabilized at around 30%, reflecting the continued stabilization of the manufacturing industry's role as a “ballast stone.” Cai Zili, deputy director of the State Administration of Taxation, explained that the processing of export tax rebates by national tax authorities for enterprises increased by 6.8% over the same period last year, reflecting that the exports of Chinese enterprises are resilient enough and have maintained good growth in the complex international trade situation. Looking at the energy structure, invoice data shows that in the first 11 months of this year, the sales revenue of clean energy power generation industries such as wind power, solar energy, and hydropower increased by 14.9% year-on-year, accounting for 38% of the total sales revenue of the power industry, accounting for an increase of 4.3 percentage points over the same period. Among them, sales revenue from wind power generation and solar power generation increased by 16.8% and 35.7%, respectively, reflecting the acceleration of the green transformation of China's energy structure. Furthermore, in the first 10 months of this year, the main policy currently supporting scientific and technological innovation and manufacturing industries was 2372.5 billion yuan in tax cuts and tax rebates, driving the innovative industry to achieve relatively rapid growth.

The State Administration of Taxation held a press conference this morning. Relevant officials explained that since this year, China's economy has been stable, moderate and positive, the economic structure has been continuously optimized, and development momentum has continued to increase. According to reports, judging from tax data such as invoices, in the first 11 months of this year, the amount of machinery and equipment purchased by enterprises across the country increased 10.7% year on year, reflecting an increase in corporate equipment investment; sales revenue from the telecommunications and home appliance retail industries included in the scope of consumer goods trade-in policy increased by 20.3% and 26.5%, respectively, reflecting the continued release of the effects of consumer policies; the share of manufacturing tax revenue stabilized at around 30%, reflecting the continued stabilization of the manufacturing industry's role as a “ballast stone.” Cai Zili, deputy director of the State Administration of Taxation, explained that the processing of export tax rebates by national tax authorities for enterprises increased by 6.8% over the same period last year, reflecting that the exports of Chinese enterprises are resilient enough and have maintained good growth in the complex international trade situation. Looking at the energy structure, invoice data shows that in the first 11 months of this year, the sales revenue of clean energy power generation industries such as wind power, solar energy, and hydropower increased by 14.9% year-on-year, accounting for 38% of the total sales revenue of the power industry, accounting for an increase of 4.3 percentage points over the same period. Among them, sales revenue from wind power generation and solar power generation increased by 16.8% and 35.7%, respectively, reflecting the acceleration of the green transformation of China's energy structure. Furthermore, in the first 10 months of this year, the main policy currently supporting scientific and technological innovation and manufacturing industries was 2372.5 billion yuan in tax cuts and tax rebates, driving the innovative industry to achieve relatively rapid growth.