Beijing, 4 Apr (ZXS) -- Wang Jun, director of China's State Administration of Taxation, said in Beijing on 6 April that big tax data shows that China's economic operation is gradually picking up and improving.
At the press conference on the theme of "The Beginning of the Authoritative Department" held by the State Council's new office on the same day, Wang Jun showed a "map of the growth of sales revenue of national enterprises since January 2022". The chart shows that in the past 1 months, the growth rate of sales revenue of Chinese enterprises has shown two "V" shapes, forming a "W" shape.
The first "V" shape is that after a 1.2% increase from January to February last year, the growth rate fell month by month to the lowest point in April, down 6.6% year-on-year, and returned to a relative high in June, with an increase of 4.7%. The second "V" shape began to slowly fluctuate and decline in July last year, reaching a low of 4.6% in December last year. Since the beginning of this year, the growth rate of enterprise sales revenue has gradually rebounded. 7.5% growth in the first quarter of this year; The growth rate has increased month by month, and it has increased by 7.12% all the way to March this year.
Wang Jun said that taxes are a barometer of the economy. If the enterprise has production, it will sell, and if it has sales, it must be invoiced. Tax big data such as VAT invoices can reflect the economic operation situation in a timely, objective and comprehensive manner. In March, 3.473% and 1382.79% of the 7 medium-sized industries and 75,8 sub-industries of the national economy achieved positive growth, far exceeding the performance of January-February; From April 1 to 2, the proportion of medium and small industries that achieved positive growth rose to 4.1% and 5.86%, respectively, close to the pre-pandemic level of 9.
Wang Jun introduced that the number of new tax-related business entities is gradually increasing. In the first quarter, 343.4 million tax-related business entities were newly established nationwide, a year-on-year increase of 7.2%, 8 percentage points faster than last year. The vitality of business entities that have been affected by the epidemic and have difficulties in production and operation has been accelerated. Industrial production gradually recovered to the better, and the sales revenue of industrial enterprises nationwide in March increased by 3% year-on-year, 7.1 percentage points faster than last year. Among them, intelligent consumer equipment manufacturing and communication equipment manufacturing increased by 2.36% and 4% respectively, and the amount of machinery and equipment purchased by the manufacturing industry increased by 12.13%, and the willingness of enterprises to expand production and equipment upgrading continued to increase and improve. Enterprises' confidence in future production and operation has increased.
At the same time, consumer demand is expanding. Wang Jun introduced that in the first quarter, the sales revenue of contact services such as accommodation and catering, cultural and sports entertainment, and resident services increased by 22.8%, 13.7% and 9.4% year-on-year, respectively, which has exceeded the level of 2019 before the epidemic. Retail sales recovered steadily and quickly. Housing consumption showed signs of recovery, and the sales revenue of the real estate industry turned from negative to positive in January-February, increasing by 1.2%, 2.3 percentage points faster than last year; and increased by 19.5% in March.
Tax big data also shows that China's economic innovation momentum has increased, and green development has been strengthened. Wang Jun pointed out that in March, the sales revenue of high-tech industries increased by 3.15% year-on-year, 6.5 percentage points faster than last year. The core industries of the digital economy increased by 7.14%, 1.7 percentage points faster than last year.
At the press conference, Cai Zili, chief auditor of the State Administration of Taxation, introduced that from January to March this year, the tax revenue organized by the tax department fell by 1.3%, increased by 1.2% and increased by 0.1% respectively year-on-year, and the growth rate turned from negative to positive and rose month by month. This also reflects the good trend of accelerating economic operation and warming up. Among them, Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong and Guangdong eight provinces and cities with net contributions to the central financial resources increased rapidly. In the first quarter, the national tax department organized a total of 5,2.8 billion yuan in tax revenue (after deducting export tax rebates). With the further consolidation of the trend of economic stabilization and recovery, coupled with the low base last year, tax revenue is expected to grow rapidly in the second quarter. (End)