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China New Economy Index Sees Marginal Drop in January

Attendees of a new-energy auto show examine a new-energy vehicle in Nanjing on April 7. The Mastercard Caixin BBD China New Economy Index shows that new economy industries accounted for 31.3% of total economic inputs used to make goods and services last month, marking the first decline since October. Photo: VCG
Attendees of a new-energy auto show examine a new-energy vehicle in Nanjing on April 7. The Mastercard Caixin BBD China New Economy Index shows that new economy industries accounted for 31.3% of total economic inputs used to make goods and services last month, marking the first decline since October. Photo: VCG

A private index that aims to track the size and change in China’s new economy using big data showed a marginal decline in January, suggesting that the contribution of emerging higher value-added industries such as biotechnology to the economy has remained stable.

The Mastercard Caixin BBD China New Economy Index (NEI) shows that new economy industries accounted for 31.3% of total economic inputs used to make goods and services last month, down from 31.4% in December and marking the first decline since October. The index measures labor, capital and technology inputs in 10 emerging industries relative to those used by all industries. http://index.caixin.com/upload/NEI201801e.pdf

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