Tax data shows continued growth of China's new quality productive forces

BEIJING, (Xinhua) -- China's digital economy, high-tech industries and robotics sector -- key pillars of the country's new quality productive forces -- recorded notable growth last year, according to corporate income tax data released by the State Taxation Administration on Tuesday.
Last year, companies across the three sectors reported a 7.1 percent year-on-year increase in total operating revenue, with total profits rising by 5.2 percent, according to the data.
Specifically, the digital economy and its core industries recorded year-on-year growth of 5.9 percent in operating revenue and 2.7 percent in total profits last year. Among them, the information transmission, software and IT services sector posted an 11.5 percent rise in revenue and a 13.2 percent increase in profits.

 

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