New Economy’s Slump Ends in March
A private index that aims to gauge the size and changes in China’s new economy using big data rose for the first time in three months in March, buoyed by growth in technology inputs.
The Mastercard Caixin BBD China New Economy Index (NEI) edged up to 31.3 from 29.8 in February, indicating that new-economy industries accounted for 31.3% of total economic inputs used to make goods and services in March. It was the index’s first increase since December.
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