Latest invoice data from the State Taxation Administration shows that in the first three quarters, China's economy maintained stable operation and continued to move toward new and better development.

date
23/10/2026
Title context: Text: Invoice data from the State Taxation Administration shows that in the first three quarters, China's economy operated steadily and moved toward new and better development, among which industry, new growth driver industries, inter-provincial trade, and equipment investment in the third quarter further improved compared with the second quarter. Industrial sales revenue grew relatively fast, and the supporting role of advanced manufacturing strengthened. In the first three quarters, industrial enterprise sales revenue increased by 7.4% year on year, of which the third quarter grew by 7.8% year on year, 0.1 percentage point higher than the second-quarter growth rate, continuing the relatively fast growth trend. Advanced manufacturing, represented by high-tech manufacturing and equipment manufacturing, played an obvious supporting role, with quarterly growth rates continuing to rise; the third quarter grew by 12.3% year on year, 3.4 percentage points higher than the second quarter. New growth driver industries developed faster, and artificial intelligence-related industries accelerated. In the first three quarters, sales revenue of core industries of the digital economy and intellectual property-intensive industries, which are related to the development of new quality productive forces, increased by 9.1% and 13.1% year on year respectively, of which the third-quarter growth rates were 9.9% and 14.4%, up 2.9 and 1.8 percentage points respectively from the second-quarter growth rates. In particular, manufacturing of integrated circuits and special equipment for semiconductor devices, which are related to artificial intelligence, grew by 77.9% and 35.9% year on year respectively in the third quarter, up 6.4 and 9.3 percentage points respectively from the second-quarter growth rates.