China's high-tech industries record robust growth in Q1

 Latest tax data show that the Chinese economy has continued to perform steadily, with innovation momentum strengthening, as evidenced by robust revenue growth in high-tech industries in the first quarter of 2026.

Data released Wednesday by the State Taxation Administration showed that sales revenue of high-tech industries for the period from Jan. 1 to March 25 increased by 14.6 percent year on year. High-tech manufacturing and services saw revenues grow 12.7 percent and 15.8 percent, respectively.

Driven by the demand of artificial intelligence and computing power centers, the sales revenue of integrated circuit design and manufacturing also saw a sharp increase, the data showed.

During the same period, the sales revenue of the manufacturing sector grew 5.4 percent while the sales revenue of machinery and equipment manufacturing grew 6.3 percent, the data showed.

Wednesday's data also revealed China's accelerating pace in green transition, with the sales revenue of ecological and environmental protection industry rising 9.6 percent year on year. The sales revenue from clean energy power generation grew rapidly, accounting for 36.3 percent of the total sales revenue of power production, an increase of 4.5 percentage points compared from a year ago, the data showed.