China's State Administration of Taxation reports April corporate sales up 4.3% year-on-year: China report

According to the latest data released by the State Administration of Taxation on the 14th, in April, the sales revenue of enterprises nationwide increased by 4.3% compared to the same month last year, showing a stable upward trend since the fourth quarter of last year (October-December).
What is noteworthy is that companies that previously exported to the United States are now actively exploring the domestic market. According to VAT invoice data, exports to the United States in the same month
The domestic sales of enterprises operating in China increased by 4.7% year-on-year, and the proportion of domestic sales in the national total increased by 2 percentage points from the first quarter (January-March).
Of the 31 manufacturing industries, 21 exporters to the U.S. saw domestic demand increase compared to the same month last year. Among them, domestic sales of fur products and shoe manufacturing increased by 10 points.
In addition, domestic sales of Chinese industrial companies in April increased by 3.7% year-on-year.
Among these, sales in the manufacturing industry increased by 4.4%. This was mainly due to the implementation of the "two new" policy (a policy to encourage large-scale equipment renewal and replacement of consumer goods), and sales in the electrical equipment manufacturing industry increased by 12.8%, while sales in the computer
The data manufacturing industry grew by 15.7%, and the measuring equipment manufacturing industry grew by 15.9%. The development of "new quality productivity (advanced technology, high efficiency, high quality)" also accelerated, with sales in the high-tech industry increasing by 15.3% year-on-year.
% increase, while sales in core industries of the digital economy increased by 13.4%.