Strong Economic Start in Q1 with Manufacturing and High-Tech Revenue Surge

The Economy Achieved a Strong Start in Q1

VAT invoice data showed that in Q1, the manufacturing sector's sales revenue increased by 4.8% YoY, accounting for 29.1% of the national sales, up 0.8 percentage points from the same period last year, providing significant support for sustained economic growth. Among them, the sales revenue of the equipment manufacturing sector grew by 9.7% YoY, maintaining rapid growth. Meanwhile, innovation momentum continued to accumulate. In Q1, China's high-tech industry's sales revenue increased by 13.4% YoY, continuing the rapid growth trend. With breakthroughs and applications in the field of artificial intelligence, the sales revenue of scientific research and technical services, as well as information technology services, maintained double-digit growth.