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China's 2024 tax cuts boosted manufacturing and high-tech sectors, driving faster sales growth.
In 2024, China implemented tax cuts and refunds totaling 2.63 trillion yuan ($366.75 billion) to boost scientific innovation and manufacturing.
This led to high-tech sectors seeing sales growth 9.6 percentage points faster than the national average, while manufacturing enterprises grew 2.2 percentage points faster than the national rate.
Equipment, digital product, and high-tech manufacturing sectors saw growth rates of 6.2%, 8.3%, and 9% respectively, indicating progress towards advanced manufacturing.
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Los recortes fiscales de China en 2024 impulsaron los sectores manufactureros y de alta tecnología, impulsando un crecimiento más rápido de las ventas.