Jul 05, 2022 06:44 PM

ECONOMY

Caixin’s New Economy Index Gains on Labor, Capital Investment Growth

Workers check wind power equipment for export in Lianyungang, East China's Jiangsu province, May 16. Photo: VCG

Workers check wind power equipment for export in Lianyungang, East China's Jiangsu province, May 16. Photo: VCG

The contribution of high value-added industries such as biotechnology to China’s total economic inputs grew in June due chiefly to increases in labor and capital inputs from the previous month, a Caixin index showed Saturday.

The Caixin BBD New Economy Index (NEI) came in at 30.1 in June, indicating that new economy industries accounted for 30.1% of China’s overall economic inputs, up from 28.5% in May.

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