Caixin
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.

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