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 optimise tax and fee services
and implement targeted tax support to bolster firms, market confidence and
Shanghai’s high‑quality economic development.
