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China's industrial sales revenue up 7.3% in first 8 months, high-tech sector rises 15.7%
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According to the latest invoice data released by China's State Taxation Administration, the country's industrial sales revenue grew steadily in the first eight months of the year, with new productive forces accelerating cultivation. From January to August, total industrial sales revenue increased by 7.3% year-on-year, with mining, manufacturing, and utilities growing 8.3%, 7.5%, and 5% respectively. Equipment manufacturing, acting as a stabilizer, saw revenue rise 10.1%, with computer and communication equipment, electrical machinery, and instrument manufacturing growing 18.8%, 14%, and 14.1% respectively. High-tech industry sales revenue surged 15.7%, including an 18.9% rise in high-tech manufacturing. Notably, AI-related sectors such as integrated circuits and smart vehicle equipment saw revenue jumps of 67.7% and 38.8%. The digital economy core sector revenue grew 9%, with digital product manufacturing and services up 16.6% and 11.1%. Enterprise spending on digital technology increased 8.6%, with manufacturing sector digital transformation investment rising 17.1%. The data was reported by CCTV News.
Source report
According to the latest invoice data released by the State Taxation Administration, China's national industrial sales revenue grew steadily in the first eight months of this year, with accelerated cultivation of new quality productive forces and notable growth in sales revenue from equipment manufacturing and high-tech industries.
Key Industrial Performance (January–August)
- Overall industrial economy: Industrial sales revenue increased by 7.3% year-on-year, demonstrating steady progress.
- Sector breakdown:
- Mining: up 8.3%
- Manufacturing: up 7.5%
- Electricity, heat, gas, and water production and supply: up 5%
- Equipment manufacturing: Continued to serve as a "ballast stone," with sales revenue rising 10.1% year-on-year. Notable sub-sectors include:
- Computer and communication equipment manufacturing: up 18.8%
- Electrical machinery and equipment manufacturing: up 14%
- Instrumentation manufacturing: up 14.1%
Growth of New Quality Productive Forces
- High-tech industry: Sales revenue grew 15.7% year-on-year.
- High-tech manufacturing: Sales revenue increased 18.9%, with AI-related sectors performing strongly:
- Integrated circuits: up 67.7%
- Smart vehicle equipment: up 38.8%
Deepening Integration of Digital and Real Economies
- Core digital economy industries: Sales revenue rose 9% year-on-year.
- Digital product manufacturing: up 16.6%
- Digital product services: up 11.1%
- Enterprise digital technology procurement: Nationwide spending increased 8.6%, with manufacturing sector digital transformation investment rising 17.1%.
Source: CCTV News (Reporter: Li Sha)
Source
中国产业经济信息网Eastern
Part of this Story
China’s industrial sales revenue rises 7.3% in Jan-Aug, AI chip sector surges 67.7%