The State Administration of Taxation held a press conference today. Relevant officials explained that in the first 11 months of this year, the high-quality development of China's manufacturing industry accelerated, and the manufacturing industry achieved remarkable results in high-end, intelligent, and green transformation. The latest VAT invoice data shows that in the first 11 months of this year, the high-end development of the manufacturing industry accelerated. The equipment manufacturing industry's sales revenue increased 8.3% year on year. In particular, the sales revenue of the computer communication equipment manufacturing industry and the instrument manufacturing industry increased by 12.3% and 10.3% year on year, respectively, reflecting the acceleration of high-end manufacturing. At the same time, the pace of intelligent upgrading of the manufacturing industry is also accelerating. Dai Shiyou, director of the Policy and Regulation Department of the State Administration of Taxation, explained that from January to November, with the implementation of large-scale equipment renewal policies, the amount of automation equipment purchased by manufacturing enterprises increased by 14.2% year on year, reflecting the acceleration of the pace of intelligent upgrading of the manufacturing industry; the amount of digital technology purchased by manufacturing companies increased 11.2% year on year, which also reflected the further deepening integration of digital technology and manufacturing.

The State Administration of Taxation held a press conference today. Relevant officials explained that in the first 11 months of this year, the high-quality development of China's manufacturing industry accelerated, and the manufacturing industry achieved remarkable results in high-end, intelligent, and green transformation. The latest VAT invoice data shows that in the first 11 months of this year, the high-end development of the manufacturing industry accelerated. The equipment manufacturing industry's sales revenue increased 8.3% year on year. In particular, the sales revenue of the computer communication equipment manufacturing industry and the instrument manufacturing industry increased by 12.3% and 10.3% year on year, respectively, reflecting the acceleration of high-end manufacturing. At the same time, the pace of intelligent upgrading of the manufacturing industry is also accelerating. Dai Shiyou, director of the Policy and Regulation Department of the State Administration of Taxation, explained that from January to November, with the implementation of large-scale equipment renewal policies, the amount of automation equipment purchased by manufacturing enterprises increased by 14.2% year on year, reflecting the acceleration of the pace of intelligent upgrading of the manufacturing industry; the amount of digital technology purchased by manufacturing companies increased 11.2% year on year, which also reflected the further deepening integration of digital technology and manufacturing.