The latest tax data show that the Chinese economy has continued to perform steadily, with innovation momentum strengthening, as evidenced by robust revenue growth in high-tech industries in the first quarter of 2026.

Data released on Wednesday by the State Taxation Administration showed that sales revenue of high-tech industries for the period from January 1 to March 25 increased by 14.6% year on year. High-tech manufacturing and services saw revenue growth of 12.7% and 15.8%, respectively.

Driven by demand for artificial intelligence and computing power centers, sales revenue from integrated circuit design and manufacturing also saw a sharp increase, the data showed.

During the same period, sales revenue in the manufacturing sector grew by 5.4%, while machinery and equipment manufacturing grew by 6.3%, according to the data.

Wednesday's data also revealed China's accelerating green transition. Sales revenue from the ecological and environmental protection industry rose 9.6% year on year, while clean energy power generation grew rapidly, accounting for 36.3% of total power production sales revenue, up 4.5 percentage points from a year ago.