Value-added-tax invoice data shows Shanghai's emerging industries expanded rapidly in the first half of the year. Sales revenue in smart-vehicle equipment and robotics grew 61.5% and 17.5% year on year respectively, while the digital-economy core sector grew 8%. R&D service purchases rose 26.6%. Tax authorities said they will keep improving services and compliance guidance for emerging industries.
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Tax Data Shows Rapid Growth of Emerging Industries in Shanghai
Value-added-tax invoice data shows Shanghai's emerging industries expanded rapidly in the first half of the year. Sales revenue in smart-vehicle equipment and robotics grew 61.5% and 17.5% year on year respectively, while the digital-economy core sector grew 8%. R&D service purchases rose 26.6%. Tax authorities said they will keep improving services and compliance guidance for emerging industries.
2026-10-03