Shrinking Capital Investment Drags Down Caixin New Economy Index

The contribution of high value-added industries such as biotech to China’s total economic inputs contracted in April from the previous month due chiefly to a drop in capital inputs, a Caixin index showed.

The Mastercard Caixin BBD New Economy Index (NEI) came in at 28.8 in April, indicating that new economy industries accounted for 28.8% of China’s overall economic input activities. The reading was down from 30.6 in March.