The number of active business entities, which have completed tax-related formalities and maintained normal operations, registered a year-on-year increase of 20.2% in the first months, and the number of tax-reporting entities grew by 10%, according to a press conference held by the State Council Information Office on tax reform and development in the 15th Five-Year Plan period (2026-2030) in Beijing.

High-tech industry and core digital economy sectors have earned more revenue by 15 % and 8.7% year-on-year, respectively, expanding their shares in total corporate revenue by 1.7 and 1.1 percentage points. Meanwhile, corporate profits generated by high-tech manufacturing and digital product services rose by 29.2% and 64.4% year-on-year, respectively.

The number of foreign-invested business entities went up by 10.9% year-on-year in tax registration, and the total declared profits of the entities in this category jumped up by 4.5 percent year-on-year. Export tax rebates processed by tax authorities rose by 7.7 percent year-on-year, reflecting continued strong resilience in both foreign investment attraction and export performance.

These indicators demonstrate that China’s economy has been further deepened in high-quality development since the start of the 15th Five-Year Plan period.