Since the beginning of this year, China's traditional industries have continued to increase investment in technological innovation, achieving rapid growth in sales revenue through research and development of new products, exploration of new markets, and meeting new demands. According to the value-added tax invoice data released by the State Administration of Taxation on the 16th, the sales revenue of traditional industries in China increased by 5.4% year-on-year in the first 10 months. In the first three quarters, the amount of tax incentives for technological innovation enjoyed by traditional industries increased by 21.5% year-on-year. With the support of tax incentives and other related policies, the sales revenue of traditional industries has grown rapidly. In the first 10 months, sales revenue in the clothing, furniture, and home appliance industries increased by 6.5% year-on-year; The sales revenue of the chemical fiber and rubber industries increased by 12.4% and 8.4% respectively year-on-year; The sales revenue of the food manufacturing industry increased by 4.8% year-on-year; The sales revenue of the cultural, educational, artistic, sports, and entertainment equipment manufacturing industry increased by 12.4% year-on-year. (New Society)