Caixin New Economy Index Rises as Labor Inputs Grow

The contribution of high value-added industries such as new information technology to China’s total economic inputs grew in February, mainly driven by an increase in labor inputs from the previous month, a Caixin index showed.

The Mastercard Caixin BBD New Economy Index (NEI) came in at 31.1 last month, indicating that new economy industries accounted for 31.1% of China’s overall economic input activities. The reading was up from 29.5 in the previous month.