Jan 04, 2022 06:06 PM

ECONOMY

Caixin New Economy Index Falls on Drop in Technology Investment

Workers produce photovoltaic modules for export at a factory in Nantong, Jiangsu province, on Nov. 15, 2021. Photo: VCG

Workers produce photovoltaic modules for export at a factory in Nantong, Jiangsu province, on Nov. 15, 2021. Photo: VCG

The contribution of high value-added industries such as biotech to China’s total economic inputs fell in December due mainly to a decline in technology investment, a Caixin index showed Sunday.

The Mastercard Caixin BBD New Economy Index (NEI) came in at 28.1 last month, indicating that new economy industries accounted for 28.1% of China’s overall economic input activities. The reading dropped from 29.6 in November.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Sandstorms Sweep North China

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

Caixin-Sinica Business Brief: China Resumes Issuing Visas to Foreigners

00:00

00:00/00:00

MOST POPULAR

1: China Cuts Reserve Requirement Ratio To Boost Economy

2: China Cosco Unit Takes 25% Stake in New Egyptian Container Port

3: Tech Insider: U.K. Bans TikTok on Government Phones, Baidu Unveils China’s Answer to ChatGPT

4: China’s Bond-Feed Turmoil Triggered by Data Monopoly, Compliance Concerns, Sources Say

5: PBOC Official Warns SVB Failure Shows Hazard of Rapid Rate Hikes

SPONSORED

OR