The sales revenue of China’s high-tech industry grew 16.1 percent in the first two months this year, according to tax data released by the State Taxation Administration.

Figures showed that China’s innovation-oriented industries grew rapidly in the January-February period.

Specifically, the sales revenue of high-tech service industries grew 17.2 percent year on year, with the figures for scientific and technology intermediary services, and natural science research and experimental development expanding 25.6 percent and 17.4 percent, respectively.

Meanwhile, the sales revenue of high-tech manufacturing industries increased by 14.5 percent year on year.
Boosted by sectors such as the low-altitude economy, commercial space industry, and consumer electronics, the sales revenue of space equipment manufacturing, and electronic and communication equipment manufacturing grew 28.5 percent and 18.4 percent year on year, respectively.

Invoicing data show that the sales revenue of China's scientific research and technical services sector grew 23.6 percent year on year in the January-February period, maintaining rapid growth momentum.

The sales revenue of intellectual property (patent)-intensive industries increased by 12.8 percent year on year.

Furthermore, both the corporate procurement of digital technologies and the sales revenue of core digital economy industries registered a surge of 10.8 percent year on year in the January-February period.