Caixin
Jun 02, 2022 04:53 PM
ECONOMY

Caixin New Economy Index Drops on Shrinking Capital Investment

A worker operates machinery Thursday at a wind power equipment company in Hami in Northwest China’s Xinjiang Uyghur autonomous region. Photo: VCG
A worker operates machinery Thursday at a wind power equipment company in Hami in Northwest China’s Xinjiang Uyghur autonomous region. Photo: VCG

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

The Mastercard Caixin BBD New Economy Index (NEI) came in at 28.5 in May, indicating that new economy industries accounted for 28.5% of China’s overall economic input activities. The reading was down from 28.8 in April.

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