Caixin New Economy Index Drops on Shrinking Capital Investment
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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