In the first three quarters of this year, the development of the instrument manufacturing industry improved

Recently, the value-added tax invoice data released by the State Administration of Taxation showed that in the first three quarters of this year, China's overall economic operation was stable, and many industries showed positive highlights in development, among which the instrument and meter manufacturing industry developed well.

Firstly, the overall operation of the industry is stable, with significant support from the equipment manufacturing industry. According to value-added tax invoice data, the sales revenue of industrial enterprises in China increased by 3.6% year-on-year in the first three quarters of this year. Among them, the equipment manufacturing industry increased by 5.3% year-on-year, especially the advanced manufacturing industries such as computer communication equipment manufacturing and instrument manufacturing, which developed well, with year-on-year growth of 13.5% and 10.5% respectively. In September, the sales revenue of the equipment manufacturing industry increased by 4.2% year-on-year, accelerating the growth rate by 1.5 percentage points compared to August.

Secondly, the growth of new quality productivity is accelerating, and the integration of data and reality is increasingly deepening. According to the value-added tax invoice data, the sales revenue of high-tech industries increased by 11.6% year-on-year in the first three quarters of this year. Among them, the high-tech service industry and high-tech manufacturing industry increased by 13.7% and 8.6% respectively year-on-year, reflecting the continuous growth of innovative industries. The sales revenue of core industries in the digital economy increased by 7.7% year-on-year, reflecting the steady progress of digital industrialization. In September, the sales revenue of high-tech industries and core industries of the digital economy increased by 11% and 4.9% year-on-year, respectively, accelerating by 2.1 and 1.3 percentage points compared to August.

Thirdly, the development momentum of the "two new" is good, with a significant acceleration in September. In the first three quarters of this year, driven by the policy of large-scale equipment updates, the amount of machinery and equipment purchased by enterprises nationwide increased by 6.5% year-on-year, with a 5% year-on-year increase in September, which is 2.4 percentage points faster than the growth rate in August. Driven by factors such as national encouragement, local support, and corporate concessions, retail sales of household audiovisual equipment such as televisions and daily household appliances such as refrigerators increased by 10.2% and 6.5% year-on-year, respectively; Furniture retail and sanitary ware retail related to home decoration increased by 13.9% and 10.5% respectively year-on-year. In September, the sales revenue of the four industries mentioned above increased by 29.6%, 16.3%, 7%, and 6.2% year-on-year, respectively, all significantly faster than the growth rate in August.

Fourthly, green and low-carbon development is accelerating, and the new energy industry is growing rapidly. According to the value-added tax invoice data, the sales revenue of the ecological protection and environmental governance industry increased by 11.4% year-on-year in the first three quarters of this year, with a year-on-year increase of 12.7% in September. The green technology service industries such as new energy, energy conservation, and environmental protection increased by 22.5%, 18.7%, and 6% respectively year-on-year. The clean energy industry maintains a relatively fast growth rate, with solar, hydro, and wind power generation increasing by 30.3%, 13.6%, and 10.9% respectively year-on-year; The new energy vehicle manufacturing industry grew by 31.8% year-on-year.

Fifth, transportation and logistics have become more smooth, and the construction of a unified large market is steadily advancing. According to the value-added tax invoice data, in the first three quarters of this year, the sales revenue of the transportation and logistics industry increased by 10% year-on-year, especially in the multimodal transport and transportation agency, postal and express delivery industries, which increased by 33.5% and 11.3% respectively. Among them, the transportation and logistics industry increased by 10.6% year-on-year in September. The inter provincial sales revenue in China increased by 2.5% year-on-year, which is 1.1 percentage points faster than the overall growth rate of enterprise sales revenue nationwide, reflecting that inter provincial trade in goods and services is relatively smooth.

As a "multiplier" of industrial production and a "pioneer" of scientific research, the development level of instruments and meters is related to a country's technological innovation capability and the overall quality of manufacturing industry. Since the implementation of the large-scale equipment update policy in March this year, it has provided broad development space and strong support for the instrument manufacturing industry, promoting high-quality development of the industry.

Source: People's Daily Online