Value-added tax invoice data shows that in the first three quarters of this year, the national manufacturing industry's sales revenue increased by 4.7% year-on-year.

New data released by the State Administration of Taxation on October 15th show that in the first three quarters of this year, the sales revenue of the manufacturing industry increased by 4.7% year-on-year, accounting for 29.8% of the national enterprise sales revenue, providing important support for economic growth. Looking at the specific data, China's manufacturing industry is rapidly advancing towards high-end transformation. In the first three quarters, the sales revenue of equipment manufacturing increased by 9% year-on-year, accounting for 46.9% of the manufacturing industry, especially the sales revenue of manufacturing industries such as computer communication equipment and industrial mother machines increased by 13.5% and 11.8% respectively; sales revenue of industries related to "big country equipment" such as airplanes, high-speed trains, and deep-sea oil drilling equipment increased by 12.5%, 16.1%, and 20.8% respectively. At the same time, the effectiveness of the intelligent transformation of the manufacturing industry is becoming apparent. In the first three quarters, the amount of digital technology purchased by manufacturing enterprises increased by 10.6% year-on-year, and the high investment helped speed up the upgrade of some intelligent industries. The intelligent equipment manufacturing industry represented by Siasun Robot&Automation and drones grew by 23.6% year-on-year. Furthermore, the orderly green transformation of the manufacturing industry is underway. In the first three quarters, the sales revenue of energy-intensive manufacturing industries accounted for 28.9% of the manufacturing industry, a decrease of 1.4 percentage points from the same period last year; purchases of energy-saving and environmental protection services by the manufacturing industry increased by 34% year-on-year, reflecting continued efforts in green governance. It is worth noting that the tax authorities have actively implemented the relevant national deployment requirements this year, continuously optimizing tax and fee services. In the first eight months of this year, the main policies supporting the development of the manufacturing industry reduced taxes, fees, and refunded taxes by 1.2925 trillion yuan. The "substantial" dividends of tax cuts and fee reductions have alleviated the burden on enterprises and provided strong support for the high-quality development of the manufacturing industry. Among them, policies such as the additional deduction of research and development expenses, the 15% tax rate reduction for high-tech enterprises, the value-added tax incremental deduction policy for advanced manufacturing, integrated circuits, and industrial mother machines enterprises, and other policies supporting the development of the manufacturing industry have provided a total of 694.8 billion yuan in preferential treatment. The high-quality development of the manufacturing industry is a top priority for the high-quality development of the Chinese economy. Chen Bin, Vice President of the Central University of Finance and Economics, believes that based on the data released by the tax authorities, a series of tax cuts and fee reduction policies implemented by the government have effectively reduced the burden on manufacturing enterprises, supported their production and operation, and promoted the continuous growth and development of the manufacturing industry, effectively driving rapid economic and social development. This article is a reprint from Xinhua News Agency. Editor: Chen Wenfang.