Press release: MasterCard Caixin BBD China New Economy Index
In an effort to increase transparency on the structural changes underway in China’s economy, the MasterCard Caixin BBD China New Economy Index (NEI) was established. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time.
The NEI uses big data analysis to track changes in contribution to overall economic activity in China’s New Economy including 1) Energy Conservation & Environmental Protection, 2) New IT & Information Services, 3) Biotech, 4) Advanced Equipment Manufacturing, 5) Renewable Energy, 6) Advanced Materials, 7) New Energy Vehicles, 8) High-tech Services/Research and Development, and 9) Financial & Legal Services. In addition to providing a high level view of ongoing structural changes in the balance between the Old Economy and New Economy, the NEI dives deeper into the capital, labor and technological inputs driving change across the New Economy and within new economy sectors and industries.
The NEI aims to provide deeper insight into the changing characteristics of China’s economy to improve transparency and forecasting accuracy. The NEI and its sub-indices are thus an important set of indicators that can be used to follow emerging patterns and understand the pace of structural transition as the path for the New Economy gradually unfolds.
For further information please contact:
Mr. Wu Huanyu, Vice President of Public Relations
Caixin Insight Group
Dr. Minggao Shen, CEO & Chief Economist Ma Ling, Public Relations
Chenqin, Chief Economist
The MasterCard Caixin BBD China New Economy Index is the fruit of a research partnership between Caixin Insight Group and BBD, in collaboration with the National Development School, Peking University. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time.
Caixin Media is China's leading media group dedicated to providing financial and business news through periodicals, online content, mobile applications, conferences, books and TV/video programs. Caixin Media aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms. Caixin Insight Group is a high-end financial data and analysis platform. For more information, please visit www.caixin.com.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
About BBD (Business Big Data)
BBD is a leading Big Data and quantitative business analytics firm specializing in the analysis of the high-growth industries emerging in Mainland China. Through dynamic data tracking, credit analysis, risk pricing and economic index construction, BBD provides its clients with a wide range of services at both the macro and micro level.