Feb 08, 2022 06:45 PM

ECONOMY

Caixin New Economy Index Rises on Increased Capital Investment

Workers rush to produce solar photovoltaic modules for export at a workshop of a new energy company in Nantong, Jiangsu Province, on Jan. 7, 2022. Photo: VCG

Workers rush to produce solar photovoltaic modules for export at a workshop of a new energy company in Nantong, Jiangsu Province, on Jan. 7, 2022. Photo: VCG

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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