Caixin
Aug 02, 2022 07:54 PM
ECONOMY

Caixin’s New Economy Index Rises on Capital Investment Growth

Workers assemble wind power turbines on June 15 in Rizhao, Shandong province. Photo: VCG
Workers assemble wind power turbines on June 15 in Rizhao, Shandong province. Photo: VCG

The contribution of high value-added industries such as biotech to China’s total economic inputs expanded in July due chiefly to a rise in capital investment, a Caixin index indicated Tuesday.

The Caixin BBD New Economy Index (NEI) came in at 31.4 last month, showing that new economy industries accounted for 31.4% of China’s overall economic inputs. The reading was up from 30.1 in June, rising for the second consecutive month.

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