Caixin
Dec 02, 2021 06:42 PM
ECONOMY

Higher Labor Investment Pushes Up Caixin New Economy Index

Workers produce solar panels in Hefei, East China's Anhui province, on Sept. 8. Photo: VCG
Workers produce solar panels in Hefei, East China's Anhui province, on Sept. 8. Photo: VCG

The contribution of high value-added industries such as biotech to China’s total economic inputs expanded in November due chiefly to a rise in labor investment, a Caixin index showed Thursday.

The Mastercard Caixin BBD New Economy Index (NEI) came in at 29.6 last month, indicating that new economy industries accounted for 29.6% of China’s overall economic input activities. The reading was up from 28.9 in October, rising for the second consecutive month.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00