CCTV News: On April 9, the State Administration of Taxation released the latest tax data showing that in the first quarter, my country's manufacturing sales revenue continued to grow, innovation momentum continued to accumulate, new quality productivity accelerated cultivation, and high-tech industry sales maintained a rapid growth momentum.

VAT invoice data shows that in the first quarter, manufacturing sales revenue increased by 4.8% year-on-year, accounting for 29.1% of the national sales, an increase of 0.8 percentage points from the same period last year, providing important support for the sustained economic growth. Among them, the sales revenue of the equipment manufacturing industry increased by 9.7% year-on-year, maintaining rapid growth.

In addition, the value-added tax invoice data showed that in the first quarter, my country's sales revenue increased by 13.4% year-on-year, continuing the rapid growth momentum. Sales revenue of digital product manufacturing and digital technology application industries increased by 12% and 11.6% year-on-year respectively, reflecting the continued deepening of the integration of digital and actual numbers. With my country's breakthroughs and promotion and application in the field of artificial intelligence, sales revenue of scientific research and technology services and information technology services have increased by 19.6% and 11.4% year-on-year respectively.

The effects of the "two new" policies continue to appear and stimulate consumption vitality

The latest data released by the State Administration of Taxation shows that in the first quarter, large-scale equipment update actions were vigorously promoted, and the demand for intelligent transformation of enterprises continued to expand, actively explored new markets. At the same time, the effect of the policy of ex-new consumer goods continued to be released, constantly stimulating consumption vitality.

VAT invoice data shows that in the first quarter, driven by the large-scale equipment update policy, the amount of machinery and equipment purchased by enterprises across the country increased by 11% year-on-year, continuing the rapid growth momentum last year. The demand for equipment updates and intelligent transformation is constantly expanding, which also brings new development momentum to enterprises.

A socks enterprise in Zhuji, Zhejiang has built a digital production workshop this year. More than 300 new smart sock machines are working at full speed to make orders, weaving, shaping, and packaging, and automating various processes, and improving production efficiency by 30%.

In addition, driven by the increased expansion of consumer goods trade-in policy, in the first quarter, the retail sales of household audio-visual equipment such as TVs and refrigerators increased by 29.3% and 38.4% year-on-year respectively; the retail sales of furniture related to home improvement increased by 15.9% year-on-year; and the retail sales of newly expanded mobile phones and other communication equipment such as new mobile phones increased by 27.3% year-on-year.

Service consumption has grown well, emerging consumption has shown strong vitality

The latest data released by the State Administration of Taxation shows that in the first quarter, the national service consumption has grown well, and emerging consumption has shown strong vitality.

VAT invoice data shows that driven by the first "intangible cultural heritage version" of Spring Festival holiday consumption, service consumption increased by 5.3% year-on-year in the first quarter. Among them, the sales revenue of tourist scenic spot management and travel agency services increased by 40.5% and 15.5% year-on-year respectively, reflecting the booming development of tourism consumption.

Aba, Sichuan, which has rich tourism resources, has continued to launch new business formats such as outdoor sports, ice and snow sports, and aerial tourism since the beginning of this year. As of March 27, major scenic spots such as Jiuzhaigou, Huanglong, and Siguniangshan have received more than 1.5 million tourists, and ticket sales revenue is 84 million yuan, an increase of 86.67% year-on-year. The arrival of a large number of tourists has also brought development opportunities to the local hotel and catering industries.

In order to continuously stimulate the consumption potential of the cultural and tourism market, local tax departments have conducted in-depth publicity and explanation of tax preferential policies in cultural and tourism industry enterprises, and promptly resolve problems encountered by enterprises in tax declaration, invoice management, etc., and ensure smooth operation of enterprises.