“压舱石”作用稳固 前11个月制造业税收收入占比稳定在30%左右

Core Insights - The overall economic performance of China has shown steady improvement this year, with continuous optimization of economic structure and enhancement of development momentum [1] Group 1: Economic Indicators - In the first 11 months, the amount of machinery and equipment purchased by enterprises increased by 10.7% year-on-year, indicating a stronger investment in equipment [1] - Sales revenue in the retail sectors of communication and home appliances, supported by the old-for-new consumption policy, grew by 20.3% and 26.5% year-on-year, respectively, reflecting the ongoing effects of consumption promotion policies [1] - The tax revenue from the manufacturing sector remains stable at around 30%, underscoring its role as an economic stabilizer [1] Group 2: Export and Trade - The national tax authorities processed export tax rebates that increased by 6.8% year-on-year, demonstrating the resilience of Chinese enterprises in maintaining good growth amid complex international trade conditions [1] Group 3: Energy Sector - In the first 11 months, sales revenue in the clean energy generation sectors, including wind, solar, and hydropower, rose by 14.9%, accounting for 38% of total electricity industry sales revenue, an increase of 4.3 percentage points compared to the same period last year [1] - Sales revenue from wind power and solar power generation increased by 16.8% and 35.7% year-on-year, respectively, indicating a rapid advancement in the green transition of China's energy structure [1] Group 4: Policy Impact - In the first 10 months, the current major policies supporting technological innovation and manufacturing resulted in tax reductions and rebates totaling 23.725 billion yuan, driving rapid growth in innovative industries [1]