Shanghai's tax authorities report that in January-August the city's economy held steady. Industrial sales revenue rose 3.9% year on year, with mining up 20.5%, manufacturing up 3.7%, and utilities up 5.9%; equipment manufacturing grew 3.6%, including electrical machinery at 8.9% and instruments at 2.8%.
High-tech industry sales rose 13.4%, with smart in-vehicle equipment surging 56.7%. Yanfeng Visteon, based in Caohejing, Xuhui, focuses on intelligent cockpit electronics and posted group sales of 3.135 billion yuan in the period; its finance director credited Shanghai's tax environment and industrial ecosystem.
Core digital economy sales grew 7.4%, and digital product services rose 8.1%. Sangfor's Shanghai branch uses AI large models for data identification and risk monitoring, achieving over 90% accuracy in sensitive-data recognition and cutting false positives by more than 95%; its sales rose 51.47% this year.
Inter-provincial trade accounted for 60.7% of total sales, up 0.3 points, while transport and logistics inter-provincial sales grew 11.8%. Tax authorities said they will keep improving the tax business environment to support healthy business development.