China to support development of ”new quality productivity”... Tax cuts and tax refunds exceed 1 trillion yen = Chinese media report

According to the latest value-added tax (VAT) invoice data released by the State Administration of Taxation, among the current policies, the main policies supporting science and technology innovation are tax cuts and tax refunds from January to August.
In addition, the amount of R&D and technical service purchases by Chinese companies in the first three quarters (January to September) increased by 6.1% compared to the same period last year, and the amount of R&D
The input intensity of the scientific research and technology services industry has been steadily increasing. In the first nine months of the year, sales in the scientific research and technology services industry increased by 22.3% year-on-year, and sales in intellectual property-intensive industries increased by 11.5% year-on-year.
The development industry is also showing strong growth. Sales in the national high-tech industry increased by 15.2% year-on-year, and sales in the equipment manufacturing industry increased by 9% year-on-year. The integration of the digital economy and the real economy is being promoted in depth.
Sales in core industries of the digital economy increased by 10.6%, with digital product manufacturing increasing by 11% and digital technology application increasing by 14.5%.
The figure increased by 10.6% year-on-year. The head of the bureau said, "We will continue to implement various tax incentive policies to support the development of 'new quality productivity.'"