In march of this year, we launched a programme of action to promote large-scale equipment upgrades and consumer goods for old. Journalists were informed by the national tax administration on 22 april that the latest vat invoicing data showed that, between april and july, the upgrading of equipment in enterprises throughout the country had progressed steadily, consumer goods had been replaced by new policies, and policy dividends had gradually been released。
With a view to promoting new forms of industrialization, the country has accelerated the upgrading of equipment in priority sectors. Data from vat invoices show that from april to july, the amount of machinery and equipment procured by national enterprises increased by 6. 4 per cent over the same period. Industrial equipment has increased at a more rapid pace, with the amount of machinery and equipment procured by industrial enterprises increasing by 5. 3 per cent from april to july and by 6. 4 percentage points from march. Of this, the amount of machinery and equipment purchased in manufacturing increased by 5. 8 per cent over the same period and by 6. 8 percentage points over march。
Increased investment in equipment upgrading in the information, technology and technology sectors. The data show that between april and july, the amounts for the services of information transmission software and information technology, scientific research and the acquisition of machinery and equipment in the services of technology increased by 17. 5 per cent and 20. 4 per cent, respectively, with an increase of 15. 8 per cent and 11 percentage points, respectively, over march, reflecting an increase in inputs in the area of new quality productivity。
“this major equipment upgrade has created conditions for technological change and industrial upgrading in enterprises. This year, we have set aside $380 million for new smart, greening high-end equipment.” the general manager of the strategic planning and investment department of china one heavy group ltd., li chi jie, stated that the overall production capacity had increased by 10 per cent as a result of the enterprise's intellectual transformation。
In addition, the upgrading of equipment in the transport, education and cultural and recreational sectors has accelerated over the previous period. In july, the procurement of mechanical equipment in the transport, education and physical and recreational sectors increased by 14. 8 per cent, 5. 1 per cent and 12. 3 per cent, respectively, with equipment being upgraded at a significantly faster pace than in the previous period。
Consumer goods are traded for old and new, focusing on cars for old and electrical goods for old and consumer goods for domestic clothes。
The uniform invoice data for the sale of motor vehicles show that sales of new energy vehicles have increased significantly, with second-hand vehicles selling faster. Between april and july, sales of new energy vehicles increased by 34. 8 per cent over the same period, an increase of 7. 3 percentage points over march. Of these, new energy vehicle sales increased by 38. 5 per cent in july, becoming an important force in stabilizing car consumption。
In addition, the uniform invoice data for the sale of used vehicles show that since the issuance of the rules for the implementation of the old for new subsidy on 24 april, there has been a marked increase in second-hand car sales, which increased by 7. 2 per cent from may to july, a marked increase over the previous period。
“now that new domestic energy vehicles have advantages in terms of price and cost of use, especially in the two-way direction of the old-for-new, car-purchase tax relief policy, many car buyers have chosen to buy new energy vehicles with old fuel-car replacement.” “this year's sales of new energy vehicles increased almost 50 per cent in june and july”
In addition, vat invoice data show that from april to july, sales revenue from the retailing of household audio-visual equipment, such as domestic appliances, such as refrigerators, increased by 4. 4 per cent and 3. 5 per cent, respectively, from april to july, an increase of 4. 8 and 10. 1 percentage points, respectively, over march。
There has been an improvement in the sale of household electricity products and an overall improvement in the sale of household goods such as furniture and furnishing materials, leading to an increase in the related manufacturing sector。
The data show that revenues from the manufacturing of television, sound equipment, lighting and refrigeration air-conditioning equipment increased by 7. 9 per cent, 7. 4 per cent, 12. 9 per cent and 4. 3 per cent, respectively, from april to july, with an increase of 12. 6, 24. 2, 22. 7 and 7. 4 percentage points, respectively, over march. Income from retail sales of furniture and sanitary cleaning equipment increased by 9. 9 per cent and 14. 3 per cent, respectively, and increased by 9. 3 and 24. 9 percentage points, respectively, over the month of march。
Smart consumer products are growing better. Between april and july, revenues from the sale of smart equipment and smart vehicle-borne equipment increased by 35. 2 per cent and 3. 4 per cent, respectively, over the same period. The income from the sale of service-consuming robotics, such as ground sweeps, increased by 15. 1 per cent over the same period and by 18. 6 percentage points over march。
The director of the department of goods and labour taxes of the national tax administration stated that, as a next step, the tax administration would further implement its tax support policies to promote the upgrading of large-scale equipment and the replacement of consumer goods with new ones。
