App

China's tax data shows steady Q1 growth in manufacturing
Updated: April 15, 2025 19:23 Xinhua

BEIJING, April 15 -- China's manufacturing sector maintained steady growth in the first quarter of 2025, according to the latest value-added tax invoice data released by the State Taxation Administration.

In the first quarter, sales revenue in high-tech manufacturing rose by 12.1 percent year on year, 3.1 percentage points higher than the same period last year, according to the data.

Sales revenue in equipment manufacturing grew by 9.7 percent, with the growth rate accelerating by 3.5 percentage points from a year earlier.

In the first quarter, sales revenue in digital product manufacturing rose by 12 percent year on year, while spending by manufacturing firms on digital technologies increased by 8.7 percent year on year.

Sales revenue in smart equipment manufacturing rose by 13.2 percent year on year, according to the data.

Sales revenue for energy-intensive manufacturing accounted for 29.2 percent of that for the total manufacturing in the first quarter, down 1.4 percentage points from the same period last year.

The data points to continued acceleration in the transformation and upgrading of China's manufacturing sector toward higher-end, smarter and greener development, highlighting steady and improved growth in the industry.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218