STA: the data of tax revenue reflects the positive development of digital economy

In the current society, the integration of digital technology and the real economy is becoming faster, digitization has entered into a new stage of rapid development. According to the situation that big data of tax reflects China’s industrial development of digital economy, Zhao Lianwei answered the questions raised by the correspondents. 

He said that the Party’s central committee and the State Council put a high value on the development of the digital economy. By utilizing the big data of tax based on standards promulgated by the National Bureau of Statistics, the SAT counted and analyzed the development of the digital economy’s core industry. As unfolded by the tax’s data, sales revenue of digital economy’s core industry in our country had a 34.2% year-over-year increase in the first half year, its growth averaged 20.8% in the two years, 3.6% higher than it in the first quarter, and 5.7% higher than overall national level, which eventually displays the prosperity of digital economy’s development, and this economy is gradually becoming a new engine for boosting economic growth.

1.Manufacture of digital products improves its quality and efficiency. Sales proceeds of the digital products manufacturing industry increased 26.3% year over year, and its growth averaged 13.6% in the two years, 2.8% higher than it in the first quarter, 0.7% higher than the overall level of the manufacturing industry. The sales revenue from intelligent device manufacture, the electronic components including integrated circuits and equipment manufacture tends to an ideal prospect, which has average increments of about 39.9% and 16.8% respectively in the two years. 

2.Digital product’s service release potential continuously. The first half selling profits of the digital product service industry raised about 28.8% year over year, experienced an average growth of about 13.7% within two years, which is 5.1% higher compared to the result of the first quarter. In two years, the rise in the revenue from digital product’s retailing, maintaining, and selling averaged 16% and 16.2% separately Especially the profits from electronic digital publication’s retailing, computer software’s retailing, communication equipment repair industry’s sales, they have maintained a rapid growth, which separately averages 19.6%, 19.8% and 19.1%. 

3.The scope of digital technology’s application is expanded more quickly. For the first half of the year, the selling profit from the digital technology application industry ascended 35.3% year over year, its growth rose to 26.4% within two years, which is 3% higher than the first quarter of the year and 5.6% higher than the increment in the selling profit from digital economy core industry. Within two years, the increment in selling earnings of Internet’s relevant service, software designing, and information technology service was 46.5%, 27.1% and 26.1% respectively. The sales income growth of application software engineering, internet of things technical services is specifically fast, which increases 64.6% and 60.7% separately. 

4.Breakthroughs in innovation driven by digital factors are accelerating. The income of digital factors drive industry sales for the first half of the year had a year-over-year increase of about 34.9%, which was enhanced by 5.6% compared with the first quarter and whose increasing rate topped the list of four industries. Furthermore, the selling income of supply chain management or other digital factors drive industry, and digital contents and media sales own a better growth trend, rising about 30.2% and 46.7% separately within 2 years. 

“Referring to the above data, the power of the digital economy as a new engine is more significant, which turns into the main drive for stabilizing economic growth.” Zhao Lianwei pointed out, the tax department will continue to take full use of tax big data, better serve the market entity and macro decision-making. Simultaneously, it will also further optimize tax services to contribute to the healthy and orderly development of the digital economy.

Source:http://www.chinatax.gov.cn

Xiamen company registration, Xiamen company setup, Xiamen company formation, Xiamen company registry, Xiamen bookkeeping service, Xiamen accounting service, Xiamen tax advisory, Xiamen audit service, Foreigner's visa application

XIAMEN R&F CONSULTING CO., LTD.    http://q4n6i6.owba.cn