A technician inspects semiconductor chip packaging in Binzhou, Shandong province, on Jan 28. GUO ZHIHUA/FOR CHINA DAILY
China's enterprise sales revenue registered steady growth in the first four months of the year, with multiple bright spots emerging across various sectors, according to the latest invoice data released by the State Taxation Administration.
"The invoice data reflect that the foundation of China's economic recovery and upward trajectory is continuously consolidating, while growth momentum is strengthening," said Huang Lixin, director of the Tax Science and Research Institute under the administration. "It shows that high-quality development is moving toward new and optimal levels, powerfully demonstrating the resilience and vitality of China's economic development."
During the January-April period, industrial sales revenue increased by 6.6 percent year-on-year. Specifically, sales revenue in the manufacturing and mining sectors grew by 6.9 percent and 6.4 percent, respectively, maintaining a relatively fast growth trend.
Equipment manufacturing continued to play its role as an economic ballast, with sales revenue rising 7.6 percent year-on-year. Notably, the manufacturing of computer and communication equipment, electrical machinery and equipment, and instrumentation saw sales revenues surge by 14.7 percent, 10.3 percent and 9.1 percent, respectively.
