Caixin’s New Economy Index Rises on Capital Investment Growth
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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