China’s economic structure appeared to be upgrading according to tax data. The manufacturing sector contributed approximately 30% of tax revenue, remaining a stable component of the overall economy.

In the first 11 months of this year, sales revenue of power generated by clean energy such as wind, solar, and hydroelectric power increased by 14.9% year-on-year, accounting for 38% of the power industry, 4.3 percentage points higher than the same period last year, according to invoice data of the energy industry. Amid these, revenue from wind and solar-generated power rose by 16.8% and 35.7% year-on-year, respectively. Revenue from thermal-generated power declined by 7.2% year-over-year, with a 4.7 percentage point decrease in the power industry's revenue nationwide. All these project that China is accelerating its transition to green energy.