Shanghai tax bureau invoice data show Jan–Apr 2026 industrial activity remained
steady with improving momentum. Industrial sales revenue rose 1.9% YoY;
manufacturing sales +1.8% YoY; equipment manufacturing +1.2% YoY. High‑tech
industry sales jumped 15.6% YoY and core digital‑economy industries +9.7% YoY.
Subsector details: electronic special materials +38.0% YoY, integrated circuit
manufacturing +6.5% YoY, robot sales +31% YoY. Data also indicate aerospace
equipment manufacturing has been heating since 2023 and remains at a high level
this year. The tax bureau said it will continue to optimize tax and fee services
and implement targeted tax support to bolster firms, market confidence and
Shanghai’s high-quality economic development.
