Caixin New Economy Index Rises on Increased Capital Investment
The contribution of high value-added industries such as advanced materials to China’s total economic inputs expanded in January due chiefly to increased capital investment, a Caixin index showed last week.
The Mastercard Caixin BBD New Economy Index (NEI) came in at 29.5 last month, indicating that new economy industries accounted for 29.5% of China’s overall economic input activities. The reading was up from 28.1 in December.
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