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ECONOMY

New Economy Accounts for Greater Share of Inputs in November, Caixin Report Shows

The share of high-value added industries such as biotechnology, advanced-equipment manufacturing and financial and legal services in China’s overall economic inputs rebounded for the first time in three months in November, a private index showed Saturday.

The Mastercard Caixin BBD China New Economy Index (NEI) shows that new economy industries accounted for 30.2% of total economic inputs used to make goods and services last month, up from 29.3% in October.

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