On May 19, the State Taxation Administration released the latest invoice data showing that AI-related industry sales revenue surged in the first four months of 2026. Electronic special materials manufacturing and integrated circuit manufacturing sales grew 70% and 54.4% year-on-year respectively. AI terminal application sectors also performed strongly: smart vehicle equipment sales rose 50.7% and robot sales rose 27.5%. Yuekai Securities chief economist Luo Zhiheng noted that AI's impact on China's economy is increasingly evident across production, investment, exports, and prices. Computing power and smart terminal demand are driving expansion in electronics, chips, and robotics; enterprises are increasing software, information services, and equipment renewal investments; exports of chips and automated data processing equipment are surging; and upstream materials, electronic equipment, and computing-related product prices are strengthening. NBS data showed IC manufacturing investment grew 39.1% in the same period.
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Tax Administration: AI-Related Industry Sales Revenue Surged in First Four Months
According to State Taxation Administration invoice data, AI-related industry sales revenue surged in January-April 2026. Electronic materials manufacturing and IC manufacturing sales grew 70% and 54.4% year-on-year respectively, while smart vehicle equipment and robot sales rose 50.7% and 27.5%. IC manufacturing investment grew 39.1% as computing infrastructure investment continued expanding.
2026-05-29