According to invoice data from the State Administration of Taxation, China's economy was running smoothly and improving in the first three quarters. Among them, the industry, new kinetic energy industry, inter-provincial trade, and equipment investment developed further in the third quarter compared to the second quarter. ——Industrial sales revenue is growing rapidly, and the supporting role of advanced manufacturing has increased. In the first three quarters, sales revenue of industrial enterprises increased 7.4% year on year. Among them, the third quarter increased 7.8% year on year, 0.1 percentage points higher than the growth rate in the second quarter, continuing the relatively rapid growth trend. Advanced manufacturing, represented by high-tech manufacturing and equipment manufacturing, is clearly supporting the quarterly growth rate. The quarterly growth rate continued to increase, with a year-on-year increase of 12.3% in the third quarter, up 3.4 percentage points from the second quarter. ——The development of the new kinetic energy industry is accelerating, and industries related to artificial intelligence are accelerating. In the first three quarters, sales revenue from core digital economy industries and IP-intensive industries related to the development of new quality productivity increased by 9.1% and 13.1%, respectively. Among them, the growth rates in the third quarter were 9.9% and 14.4%, respectively, up 2.9 and 1.8 percentage points from the second quarter, respectively. In particular, manufacturing industries such as integrated circuits and special equipment for semiconductor devices related to artificial intelligence increased by 77.9% and 35.9%, respectively, in the third quarter, up 6.4 and 9.3 percentage points from the second quarter, respectively.

According to invoice data from the State Administration of Taxation, China's economy was running smoothly and improving in the first three quarters. Among them, the industry, new kinetic energy industry, inter-provincial trade, and equipment investment developed further in the third quarter compared to the second quarter. ——Industrial sales revenue is growing rapidly, and the supporting role of advanced manufacturing has increased. In the first three quarters, sales revenue of industrial enterprises increased 7.4% year on year. Among them, the third quarter increased 7.8% year on year, 0.1 percentage points higher than the growth rate in the second quarter, continuing the relatively rapid growth trend. Advanced manufacturing, represented by high-tech manufacturing and equipment manufacturing, is clearly supporting the quarterly growth rate. The quarterly growth rate continued to increase. The year-on-year increase in the third quarter was 12.3%, up 3.4 percentage points from the second quarter. ——The development of the new kinetic energy industry is accelerating, and industries related to artificial intelligence are accelerating. In the first three quarters, sales revenue from core digital economy industries and IP-intensive industries related to the development of new quality productivity increased by 9.1% and 13.1%, respectively. Among them, the growth rates in the third quarter were 9.9% and 14.4%, respectively, up 2.9 and 1.8 percentage points from the second quarter, respectively. In particular, manufacturing industries such as integrated circuits and special equipment for semiconductor devices related to artificial intelligence increased by 77.9% and 35.9%, respectively, in the third quarter, up 6.4 and 9.3 percentage points from the second quarter, respectively.