Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 4 (Xinhua) — Chinese companies showed steady growth in sales revenue in the first half of 2025, according to value-added tax invoices for the first half of the year released by the General Administration of Taxation.
In particular, in January-June, sales revenues in the manufacturing industry grew by 1.5 percentage points faster than the overall national figure, which confirms the importance of this sector as one of the main pillars of national economic growth.
During the reporting period, the development of new quality productive forces also gained momentum: sales revenues from high-tech sectors grew by 14.3 percent year-on-year.
Machinery purchases nationwide rose 11.1 percent in the first half of the year, driven by the national equipment renewal program, and maintained the rapid growth seen in 2024. The consumer goods trade-in program boosted demand for related products, leading to a sharp rise in retail sales.
At the same time, as the data showed, according to the results of the first half of the year, interregional sales accounted for 40.7 percent of all sales revenues in the country, which reflects steady progress in the formation of a single national market. –0–
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