A tax official (left) in Huaian, Jiangsu province, helps a merchant with tax regulations. ZHAO QIRUI/FOR CHINA DAILY
China's economy has demonstrated a stable and positive trajectory at the start of the 15th Five-Year Plan (2026-30) period, characterized by robust growth in the real economy, emerging industries and green development, said the State Taxation Administration.
Hu Jinglin, head of the STA, highlighted that fiscal big data revealed four prominent features of the current economic operation: a stronger real economy, booming new quality productive forces, improved profitability and an accelerated green transition.
"The fundamental economic base is becoming more solid," Hu said, adding that the sales revenue of industrial enterprises grew 7.1 percent year-on-year in the first half, with manufacturing sales up 7.3 percent.
The momentum of new quality productive forces remains robust. Sales revenue from equipment manufacturing, information technology and tech services accounted for 23.5 percent of total corporate sales revenue, the administration said.
