Caixin
Feb 02, 2019 10:00 AM
ECONOMY

New Economy Index Slips to 20-Month Low

Watching VR films at an industry conference in Nanchang, in South China's Guangdong province, on Oct. 20, 2018. Photo: VCG
Watching VR films at an industry conference in Nanchang, in South China's Guangdong province, on Oct. 20, 2018. Photo: VCG

The contribution of high value-added industries to China’s overall economic inputs dropped to a 20-month low in January, as both capital and labor inputs in the industries decreased, a private index showed Saturday.

The Mastercard Caixin BBD New Economy Index (NEI) dipped to 28.8 in January from the previous month’s 29.1, indicating that new-economy industries accounted for 28.8% of China’s overall economic input activities — the lowest reading since May 2017. The index measures labor, capital and technology inputs in 10 emerging industries relative to those in all industries.

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