Taxation is a barometer of the economy. The five sets of tax data released by the State Administration of Taxation of China on the 27th show that China's high-quality development is being solidly promoted. ——The cultivation of new quality productivity is accelerating, and innovation investment continues to increase. According to value-added tax invoice data, from January to July, the amount of R&D and technical services purchased by enterprises nationwide increased by 12.3% year-on-year, indicating an increase in R&D investment; Innovative industries continue to grow, with sales revenue in high-tech industries and intellectual property (patent) intensive industries increasing by 12.1% and 8.5% respectively; The integration of digital and real economy is accelerating, with sales revenue of core industries in the digital economy increasing by 8.9%, and the procurement of digital technology by enterprises nationwide increasing by 9.6%. ——The formation of a unified large market is accelerating, and the internal circulation of the economy is becoming more smooth. According to value-added tax invoice data, from January to July, the inter provincial trade volume, which reflects the degree of close trade ties between provinces in China, increased by 3.8% year-on-year, accounting for 40.6% of total sales, showing a gradual upward trend. The three major power sources have a strong driving force, with the sales revenue of enterprises in the Beijing Tianjin Hebei, Yangtze River Delta, and Pearl River Delta regions accounting for 56%, an increase of 0.7 percentage points compared to the whole year last year, and the economic driving effect is more obvious. ——The green transformation is constantly accelerating. The transformation of green energy is accelerating. According to value-added tax invoice data, from January to July, the sales revenue of clean energy power generation increased by 12.1% year-on-year, accounting for 35.7% of the sales revenue of the power production industry; Green investment has increased, and the purchase of environmental governance services by industrial enterprises has grown by 18%; Green travel is gradually becoming a trend, with a 36.6% increase in sales of new energy vehicles and a deeper understanding of the concept of green travel. ——The export driving effect is significant. Exports have maintained rapid growth, and export tax rebate data shows that from January to July, the number of direct tax rebates processed for enterprises nationwide increased by 9.9% year-on-year, reflecting the resilience and rapid growth of enterprise exports; Export enterprises are expected to improve, with a 12.3% increase in domestic procurement amounts for key export enterprises. The popularity of "China Tour" among overseas tourists has increased. From January to July, the number of overseas tourists who processed shopping departure tax refunds increased by 3.6 times year-on-year, and the amount of tax refunds increased by 1.6 times. ——Improving the quality of consumption potential. The effect of promoting consumption through trade in has become apparent. According to the value-added tax invoice data, from January to July, the sales revenue of retail industries such as home appliances and furniture increased by 6.8% and 16.6% year-on-year, respectively; The vitality of improvement oriented consumption has emerged, with a growth of 10.1% in cultural, educational, sports, and entertainment consumption, reflecting the rich consumption scenarios of residents and the increasing demand for improvement oriented consumption. (New Society)
Edit：NingChangRun Responsible editor：LiaoXin
Source：China News Service Website
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