The latest value-added tax invoice data released by the State Administration of Taxation shows that in October 2025, China's new quality productivity will continue to cultivate and grow, and the three major fields of high-end manufacturing, innovative industries, and integration of data and reality will all show a steady growth trend, injecting new vitality into economic development. The value-added tax invoice data confirms that the development of new quality productivity in China has entered an accelerated period. ”Song Xiangqing, Vice President of the China Society of Business Economics, said in an interview with Securities Daily. Accelerate the development of innovative industries. In October, the sales revenue of high-tech industries increased by 13.6% year-on-year, continuing the rapid double-digit growth. Among them, the sales revenue of high-tech service industry increased by 16.1% year-on-year; The sales revenue of high-tech manufacturing industry increased by 10.1% year-on-year, especially with the accelerated implementation of the "Artificial Intelligence+" action, the sales revenue of integrated circuits, industrial robots, and unmanned aerial vehicles manufacturing increased by 32.5%, 41.7%, and 38.4% respectively. High end manufacturing continues to make efforts. In October, the sales revenue of the equipment manufacturing industry increased by 7.3% year-on-year, and has remained higher than the average level of the manufacturing industry since the beginning of this year, accounting for nearly half of the manufacturing industry. Among them, the sales revenue of the computer communication equipment manufacturing industry, the shipbuilding and related equipment manufacturing industry, and the battery manufacturing industry increased by 10.1%, 24.4%, and 27.2% respectively year-on-year, demonstrating strong development momentum. The integration of data and reality is constantly breaking through. In October, the sales revenue of core industries in the digital economy increased by 8.5% year-on-year, and the amount of digital technology purchased by enterprises nationwide increased by 9.6% year-on-year, reflecting the continuous promotion of digital industrialization and industrial digitization. Among them, the sales revenue of the digital product service industry and the digital technology application industry increased by 10.2% and 13.1% respectively year-on-year; The driving force of digital consumption is significant, with sales revenue in the digital content and media industry increasing by 15.2% year-on-year. Professor Zhu Qing from the School of Finance and Economics at Renmin University of China believes that the tax data related to new quality productivity in October intuitively demonstrates the effectiveness of China's industrial structure upgrading and economic development mode transformation. In particular, the "Artificial Intelligence+" initiative has driven the continuous growth of cutting-edge industries, and the deep integration of digital technology and the real economy has provided strong and sustainable impetus for high-quality economic development, demonstrating the solid foundation and vast space for China's economic transformation and upgrading. The value-added tax invoice data fully demonstrates the good trend of continuous development and growth of China's new quality productivity. ”Zhu Hualei, Senior Investment Advisor of Shaanxi Jufeng Investment Information Co., Ltd., stated in an interview with reporters that this development is not only reflected in the optimization and upgrading of industrial structure, but also in the deep implementation of innovation driven development strategy and the deep integration of digital economy and real economy. The reporter noticed that the support for cultivating and developing new quality productive forces is also continuously increasing. For example, innovation in application scenarios is a powerful lever for cultivating new quality productivity. Recently, the General Office of the State Council issued the "Implementation Opinions on Accelerating the Cultivation and Opening up of Scenarios and Promoting the Large scale Application of New Scenarios", proposing many innovative policy measures, which bring important opportunities for all parties to participate in scenario cultivation and opening up, promote the deep integration of scientific and technological innovation and industrial innovation, and accelerate the cultivation and development of new quality productivity. Localities also provide support from multiple dimensions. For example, the "Notice on Strengthening the Innovation of Zhejiang Land Resource Element Guarantee and Supporting the Development of New Quality Productivity" (hereinafter referred to as the "Notice") issued by the Department of Natural Resources of Zhejiang Province will be implemented from October 1st. The Notice provides measures to ensure the protection of innovative land resources for emerging industries, future industries, and other industries that conform to new trends. Its biggest feature is based on the demand of new quality productivity in terms of functional allocation, development intensity, spatial form, etc., and revolves around innovative spatial supply mechanisms such as mixed use of land and spatial composite use. Looking ahead, Zhu Hualei believes that various regions can strengthen the technological transformation and upgrading of traditional industries, and through digital, intelligent, and green transformation, traditional industries can also be revitalized; We can also promote upstream and downstream collaborative support based on local industrial advantages, develop a "chain owner+supporting" model, and create industrial clusters with regional characteristics. Song Xiangqing suggested that local governments can establish special funds for the development of new quality productive forces, focusing on supporting innovative infrastructure, public service platforms, and major industrial projects; We can also create a new quality productivity demonstration leading project, cultivate a group of benchmark enterprises and demonstration parks every year, and form replicable and promotable experiences. (New Society)