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World News September 23, 2026

Tax data reveals rapid growth in China’s high-tech industries

China’s high-tech and AI-related sectors experienced robust growth in the first eight months of 2026, with overall high-tech sales revenue rising 15.7% year-on-year and high-tech manufacturing increasing by 18.9%, according to data released by the State Taxation Administration. Emerging technology sectors saw particularly steep surges, including a 67.7% jump in AI-related integrated circuit manufacturing and a 38.8% increase in intelligent vehicle equipment manufacturing. Reflecting broader economic momentum and deeper integration between the digital and real economies, industrial output and equipment manufacturing also recorded steady gains.

Source: CGTN

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