Sweeping taxation support helps propel nation's innovative sectors

China's sweeping tax support for innovation-heavy sectors is yielding visible results, with new data showing strong momentum across the digital economy, high-tech industries and robotics — all key drivers of the country's push for new quality productive forces.

Latest data from the State Taxation Administration showed that enterprises in these three sectors collectively enjoyed 1.97 trillion yuan ($274 billion) in corporate income tax exemptions last year.

Total operating revenue in these sectors rose 7.1 percent year-on-year, while overall profits climbed 5.2 percent year-on-year, which underscored the country's shifting industrial priorities.