On May 6th, the reporter learned from the State Administration of Taxation that in the first quarter, the overall progress of key engineering projects in China was smooth, and the investment growth momentum of projects was good. Especially after entering March, the construction of investment projects has significantly accelerated. According to the latest data from the State Administration of Taxation, in the first quarter of 2025, a total of 39000 engineering projects nationwide applied for work-related injury insurance in the form of projects, a year-on-year increase of 9.4%; The total construction cost of the project has accumulated 1.9 trillion yuan, a year-on-year increase of 4.8%. Tax data is one of the important windows for observing the operation of the Chinese economy. From the recent release of multiple tax data by the State Administration of Taxation, it can be seen that since the beginning of this year, China has continuously accumulated innovative momentum, accelerated the cultivation of new quality productivity, smoothly promoted key engineering projects, accelerated the development of healthy consumption, steadily improved the quality of manufacturing, and presented a new positive trend in economic operation. In the first quarter, the cultivation of new quality productivity was accelerated. The sales revenue of high-tech industries in China increased by 13.4% year-on-year, while the sales revenue of digital product manufacturing and digital technology application industries increased by 12% and 11.6% respectively. The sales revenue of scientific research and technology service industry and information technology service industry increased by 19.6% and 11.4% respectively year-on-year... Value added tax invoice data shows that China's innovation momentum continues to accumulate, and the cultivation of new quality productivity is accelerating. The accelerated cultivation of new quality productivity cannot be achieved without the support of a series of policy measures. In recent years, the country has introduced a series of tax incentives to support technological innovation, covering all aspects of enterprise technological innovation activities and playing a positive role in promoting the accelerated development of new quality productivity, "said Huang Yun, spokesperson and director of the General Office of the State Administration of Taxation. Huang Yun said that the tax department conscientiously implements and details tax preferential policies to support technological innovation. The State Administration of Taxation, together with the Ministry of Finance, has formulated tax and fee preferential policy guidelines to support scientific and technological innovation, updated the tax policy and regulation database in a timely manner, and relied on tax big data to deepen and expand the "policy search" to achieve precise policy push. In the view of Yue Shumin, professor of the School of Finance of Renmin University of China and senior researcher of the Institute of Finance and Taxation, taxation, as an important means and tool for the state to regulate economic activities, plays a positive role in innovation driving the development of new quality productivity. Scientific tax policies help guide the flow of resources towards innovation, optimize the allocation of production factors, and provide necessary support and guarantees for promoting the leap of productivity and the deep transformation and upgrading of industries, "said Yue Shumin. Multiple projects, including the "Weifang Suqian High Speed Railway Linyi Section" in Shandong and the "G322 Yihuang County Shanshuao Dongpi Road Reconstruction Project" in Jiangxi, have started to invest and consume together; Since the first quarter, major engineering projects such as the expansion of technology parks such as the Zhejiang "Artificial Intelligence Core Component Science and Technology Innovation Park" and the Anhui "Zongyang Economic Development Zone New Energy Vehicle Component Industry Park" have started one after another, driving the expansion of effective investment. At present, engineering projects in the fields of construction, railways, highways, water transportation, water conservancy, energy, airports, etc. mainly apply for work-related injury insurance to the tax department in the form of projects. The latest data released by the State Administration of Taxation shows that the overall progress of key engineering projects in China is smooth, and the growth momentum of project investment is good, especially after entering March, the construction of investment projects has significantly accelerated. Data shows that in March, there were 18000 engineering project applications, accounting for 46.5% of the total in the first quarter; The total declared cost is 0.8 trillion yuan, accounting for 43.9% of the total cost in the first quarter. There are also new highlights in the consumer sector. As an important part of the integrated development of consumer formats, the development of healthy consumption accelerated in the first quarter, enhancing its role in driving consumption. For example, the continuous release of consumer demand for "one old and one small" injects momentum into the development of the consumer market. Data shows that in the first quarter, the sales revenue of elderly care services increased by 65.5% year-on-year, and the sales revenue of elderly care institution services increased by 23.9% year-on-year, showing a rapid growth trend. The consumption of infant and toddler health care has grown rapidly, with a year-on-year increase of 12.2% in sales revenue of daycare services in the first quarter. The latest value-added tax invoice data released by the State Administration of Taxation on May 6th shows that during this year's May Day holiday, the sales revenue of consumer related industries in China increased by 15.2% year-on-year. Among them, the policy of exchanging old for new consumer goods has driven strong demand for household appliances and communication equipment, with a relatively high increase in consumption of household goods and jewelry. Personalized tourism service consumption is favored. Shen Xinguo, Director of the Tax Service Department of the State Administration of Taxation, stated that the tax department will continue to strengthen the implementation of tax and fee support policies, integrate and launch a series of measures to benefit enterprises and the people, continuously improve the level of tax and fee services, and further promote high-quality economic and social development. The manufacturing industry has achieved significant results in reducing carbon emissions, and the real economy continues to grow, highlighting the role of the manufacturing industry as a "ballast stone". In the first quarter, the sales revenue of the manufacturing industry increased by 4.8% year-on-year, accounting for 29.1% of the national sales, an increase of 0.8 percentage points compared to the same period last year. Among them, the sales revenue of the equipment manufacturing industry increased by 9.7% year-on-year, maintaining a relatively fast growth rate. The high-end development and digital transformation of the manufacturing industry are accelerating. According to the value-added tax invoice data, in the first quarter, the sales revenue of high-tech manufacturing and equipment manufacturing industries increased by 12.1% and 9.7% year-on-year, respectively; The sales revenue of the digital product manufacturing industry increased by 12% year-on-year, and the amount of digital technology purchased by manufacturing enterprises increased by 8.7% year-on-year, reflecting the trend of accelerated development of high-end manufacturing and rapid promotion of digital transformation. At the same time, the sales revenue of high energy consuming manufacturing industry accounted for 29.2% of the manufacturing industry in the first quarter, a decrease of 1.4 percentage points from the same period last year; The amount of environmental governance services purchased by manufacturing enterprises increased by 13% year-on-year, with a growth rate 4.6 percentage points faster than in 2024... Between the two sets of figures, it can be seen that manufacturing enterprises are significantly reducing carbon emissions while continuously increasing their investment in green governance. The relevant person in charge of the State Administration of Taxation stated that the tax department will further implement and refine various tax and fee preferential policies to support the high-quality development of the manufacturing industry, optimize tax payment services, proactively respond to enterprise demands, actively help manufacturing enterprises transform and upgrade towards high-end, intelligent, and green development, and increase confidence, confidence, and momentum for enterprise innovation and development. (New Society)