China’s May economic performance demonstrated stable expansion, with VAT invoice data revealing three key growth drivers. The high-tech sector maintained strong momentum, posting 15% year-on-year sales revenue growth, while core digital economy industries grew 11.2%. Enterprise investment in digital technology also increased by 10.9%, reflecting deepening digital-real economy integration.
The robotics and AI sectors emerged as standout performers, with industrial robot manufacturing sales rising 13.2% and special operation robots surging 28.3%. This acceleration aligns with China’s “AI+” action plan, showcasing rapid commercialization of intelligent technologies and embodied intelligence applications.
These trends highlight the effectiveness of China’s policy mix, combining existing measures with new initiatives since late 2023. The sustained growth in innovation-driven sectors underscores China’s ongoing economic transformation, though maintaining this momentum will require continued policy support amid global market uncertainties.
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