Value added tax invoice data shows that in the first three quarters, the pace of development of new quality productivity in China accelerated, and the amount of R&D and technical services purchased by enterprises increased by 6.1% year-on-year, with a continuous increase in R&D investment; The sales revenue of specialized, refined, and innovative "little giant" enterprises increased by 8.2% year-on-year, with a growth rate 4.1 percentage points faster than in 2024. The flow of technological resource elements is more active. In the first three quarters, the sales revenue of the scientific research and technology service industry, which is an important battlefield for the integration and value transformation of technological elements, increased by 22.3% year-on-year, and the sales revenue of intellectual property intensive industries with high technological content increased by 11.5% year-on-year. Strategic emerging industries are thriving. In the first three quarters, the sales revenue of high-tech industries and equipment manufacturing industries in China increased by 15.2% and 9% year-on-year, respectively. Especially with the accelerated implementation of the "Artificial Intelligence+" initiative, sales revenue from integrated circuit manufacturing, robot manufacturing, and drone manufacturing increased by 17%, 21.7%, and 69.8% year-on-year, respectively. (New Society)