On October 9, the value-added tax invoice data released by the State Administration of Taxation showed that during the Mid-Autumn Festival holiday of the "11th" National Day this year, the consumer demand of Chinese residents was released intensively, and the domestic consumer market recovered strongly. During the 8-day long holiday, the daily average sales revenue of China's wholesale and retail industry increased by year-on-year. Among them, the consumption of building materials, decorative materials and other durable goods increased by 45.4 percent year-on-year, while the consumption of furniture increased by 32 percent year-on-year.
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the relevant person in charge of the State Administration of Taxation said that the consumption recovery trend of Chinese residents showed the advantages of China's ultra-large-scale market and the construction of a large domestic cycle as the main body, the vigorous kinetic energy released by the new development pattern of mutual promotion of domestic and international double cycles. In the next step, the tax department will continue to tap the value of tax big data and launch more pragmatic and useful service measures to create a better tax business environment for the vast market entities.
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