In the first four months, the tax revenue of the equipment manufacturing industry maintained a relatively high growth rate, and its supporting role continued to be highlighted.
The Ministry of Finance has released the fiscal revenue and expenditure data for January to April 2025. It is reported that some manufacturing and service industries have shown continued strong performance in terms of tax revenue. In the manufacturing sector, the equipment manufacturing industry has maintained a high growth rate, with the railway, ship, aerospace equipment manufacturing industry and computer and communication equipment manufacturing industry seeing tax revenue growth of 33.2% and 6.8% respectively. In the service industry, the policy of exchanging old for new in consumer goods has been expanded, driving continued growth in cultural, tourism, and entertainment consumption demand, with tax revenue increasing by 8.6%. The development of new productive forces is accelerating, with the momentum of digital economy development improving, leading to a 12.2% increase in tax revenue for information transmission software and information technology services, and a 12.7% increase in tax revenue for scientific research and technical services.
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