The latest tax figures indicate that China’s economy maintained steady performance in early 2026, with innovation continuing to drive growth, particularly in high-tech industries.
Data released Wednesday by the State Taxation Administration showed that sales revenue in high-tech sectors from January 1 to March 25 rose 14.6% year on year. High-tech manufacturing and services recorded growth of 12.7% and 15.8%, respectively.
Sales in integrated circuit design and manufacturing surged, fueled by strong demand for artificial intelligence and computing power centers, the data revealed.
Over the same period, overall manufacturing revenue grew 5.4%, while machinery and equipment manufacturing expanded by 6.3%.
Wednesday’s data also highlighted China’s advancing green transition. Revenue from the ecological and environmental protection sector increased 9.6% year on year, while clean energy power generation grew significantly, making up 36.3% of total power production revenue—up 4.5 percentage points compared with the same period last year.
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