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China's High-tech Industry Sales in First Two Months up by 16.1% Y-o-Y
China's high-tech service sector saw its sales revenue grow by 16.1% year-on-year in the first two months, according to data from the State Taxation Administration. In particular, areas such as technology intermediary services, natural scientific research/experimental development saw year-on-year increases of 25.6% and 17.4%, respectively. China's technological innovation and development have shown a strong momentum in the first two months of this year, with multiple highlights. Invoice data reveals that China's innovative industries in January and February are experiencing rapid growth.  Meanwhile, sales revenue in the high-tech manufacturing sector grew by 14.5% year-on-year, driven by the low-altitude economy, commercial aerospace, and consumer electronics, with the aerospace equipment manufacturing and electronic and communication equipment manufacturing industries experiencing year-on-year growth of 28.5% and 18.4%, respectively.
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