CCTV News (News Broadcast): The latest value-added tax invoice data from the State Administration of Taxation shows that with the expansion of large-scale equipment updates and the trade-in policy for consumer goods, equipment updates for enterprises across the country have accelerated in the first three quarters of this year. The amount of machinery and equipment purchased by industrial enterprises increased by 9.4% year-on-year. Among them, the high-tech manufacturing industry maintained a good growth momentum, and the amount of machinery and equipment purchased increased by 14% year-on-year.

Investment in equipment updates in the information and technology industries is also increasing. The amount of machinery and equipment purchased by the information transmission software and information technology service industry, scientific research and technical service industry increased by 26.8% and 32.5% year-on-year respectively.
In addition, the amount of digital equipment purchased by enterprises across the country increased by 18.6% year-on-year, reflecting that digital transformation has become an important development direction for enterprises.

At the same time, the trade-in policy for consumer goods has achieved remarkable results. In the first three quarters of this year, the sales revenue of daily household appliances retail industry and furniture retail industry increased by 48.3% and 33.2% respectively year-on-year. Sales revenue from the newly expanded retail industry of mobile phones and other communication equipment increased by 19.9% year-on-year.

New energy vehicle sales also continue to rise. Unified motor vehicle sales invoice data show that in the first three quarters of this year, new energy vehicle sales increased by 30.1% year-on-year, reflecting the continued and accurate implementation of the automobile trade-in policy and effectively stimulating automobile consumption potential.

