A quarter GDP grew 18.3%
tax large gold Pivot China's economic growth
This year, China’s economy has ushered in a “good start”: In the first quarter, GDP increased by 18.3% year-on-year, and all indicators increased at a relatively high rate. What about the actual gold content?
Recently, the State Administration of Taxation has released 10 sets of tax data, outlining the "hard core" support for economic operations.
Big tax data is called "Golden Mountain Bank", which can accurately reflect the resumption of production and sales and economic operation of enterprises.
Value-added tax covers all areas of the national economy, and its invoice data can reflect the production and operation status of enterprises at the micro level, as well as the economic operation situation at the macro level.
Value-added tax invoice data shows that in the first quarter of this year, the sales revenue of national enterprises increased by 50.5% year-on-year, an increase of 27.2% over the same period in 2019, and an average increase of 12.8% in two years, continuing the steady and positive growth trend since the second half of last year.
Manufacturing is an important foundation of the real economy.
In the 2021 "Government Work Report", it is proposed that the focus of economic development should be kept on the real economy and the proportion of manufacturing industry should be basically stable.
Since the beginning of this year, a series of preferential tax and fee policies to support the development of the manufacturing industry have been effective and have effectively promoted the development of the manufacturing industry.
Value-added tax invoice data shows that in the first quarter of 2021, the national manufacturing sales revenue increased by 49.7% year-on-year, an increase of 20.2% over the same period in 2019, and an average increase of 9.6% over the two years.
Among them, the equipment manufacturing industry increased by 59.7% year-on-year, and the two-year average growth rate was 10.8%, faster than the average level of the manufacturing industry.
The rapid development of the manufacturing industry has strongly accelerated the industrial recovery.
In the first quarter of this year, the sales revenue of national industrial enterprises increased by 46.7% year-on-year and 19.6% year-on-year, with an average growth rate of 9.3% over the two years.
Among 41 major industries, 38 industries have achieved growth in two years with an average growth rate of more than 10% in 18 industries.
At the same time, the company's innovation capabilities continue to improve.
In the first quarter of this year, my country's high-tech industry sales revenue increased by 53% year-on-year and 41.6% year-on-year. The two-year average growth rate was 19%, faster than the national average.
Enterprises have continued to increase their investment in science and technology. With the continuous increase in the proportion of R&D expenses plus deductions, various tax policies supporting scientific and technological innovation have been effectively implemented, which has promoted the continuous enhancement of enterprises' scientific and technological innovation capabilities.
The main body of the market is the power carrier of the economy, and the main body of the market is to protect the productive forces of the society.
In recent years, as a key move to stimulate the vitality of market entities and the development of endogenous motivation, a series of policy dividends such as tax reduction and fee reduction, and "decentralization, regulation and service" reform have been continuously released, and the number of new tax-related market entities has continued to increase.
According to data from the State Administration of Taxation, in the first quarter of 2021, there were 2.792 million new tax-related market entities nationwide, an increase of 86% year-on-year, an increase of 34.9% year-on-year, and an average increase of 16.1% over the two years.
Among them, in the first quarter of this year, newly-increased individual industrial and commercial households increased by 101% year-on-year and 36% year-on-year, with an average growth rate of 16.6% over the two years.
As an important force in promoting economic and social development, there are 2.758 million new tax-related market entities in the private economy, accounting for 98.8% of the total number of households, an increase of 0.3 percentage points from the same period last year.
Driven by a series of relief policies to help enterprises, the sales revenue of the private economy increased by 54.5% year-on-year, and the two-year average growth rate was 14.7%.
The continued economic recovery has driven the recovery of the consumer market.
VAT invoice data shows that in the first quarter of 2021, the national retail sales revenue increased by 52.9% year-on-year, 28.7% year-on-year growth, and an average growth rate of 13.4% over the two years.
Among them, the retail revenue of food and beverage, textile and clothing increased by 62% and 54.2% respectively year-on-year, and the two-year average growth was 28% and 16.7% respectively.
At the same time, some upgraded consumption has increased significantly, and sales revenues of jewelry, watches, health care and medical equipment have increased by 75.4%, 88.6% and 73.2% respectively year-on-year.
Since the outbreak of the new crown pneumonia, new business models and models such as online education, Internet diagnosis and treatment, and remote office have become new driving forces to activate consumption potential.
In the first quarter of 2021, the sales revenue of digital cultural services and residents' Internet services increased by 60.3% and 65.4% year-on-year, respectively, and continued to maintain rapid growth on the high base of last year.
China Youth Daily · China Youth Daily reporter Zhang Junbin Source: China Youth Daily