China's High-Tech Industry Records Strong Growth in Q1 2026

Beijing (ANTARA) - The latest tax data indicate that China’s economy continues to maintain stable performance, with strengthening innovation momentum, as evidenced by strong revenue growth in the high-tech industry sector in the first quarter (Q1) of 2026.

Data released on Wednesday (1/4) by the State Taxation Administration of China show that sales revenue in the high-tech industry for the period from 1 January to 25 March increased by 14.6% year-on-year (yoy).

The high-tech manufacturing and services sectors recorded revenue growth of 12.7% and 15.8% respectively.

Driven by demand for artificial intelligence (AI) and computing power centres, sales revenue from the design and manufacturing of integrated circuits (IC) also experienced a sharp surge, according to the data.

In the same period, sales revenue in the manufacturing sector grew by 5.4%, while sales revenue in the machinery and equipment manufacturing sector increased by 6.3%, the data reveal.

The data released on Wednesday also reveal an acceleration in China’s green transition, with sales revenue in the ecological and environmental protection industry rising by 9.6% (yoy).

Sales revenue from clean energy power plants grew rapidly, contributing 36.3% to total electricity production sales revenue, an increase of 4.5 percentage points compared to the previous year, according to the data.