China's qualitative productive growth accelerates

Tax data revealed that China experienced rapid growth in modern productive forces during the first eight months of 2026, with high-tech and artificial intelligence industries leading this expansion. Revenues from advanced technology manufacturing increased by 15.7%, with a notable 67.7% surge in the production of AI-related integrated circuits and a 38.8% rise in smart vehicle equipment manufacturing. The data also demonstrate an enhanced integration between the digital economy and the real economy, with digital products and services revenues growing by 16.6% and 11.1%, respectively. Additionally, industrial operating revenues increased by 7.3%, and equipment manufacturing grew by 10.1%. These results suggest that the Chinese economy maintains its momentum with new growth drivers and an improved economic structure, as industrial output continued to recover, registering a growth of 5.2% in August, driven by a 16.7% increase in high-tech industry.

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