Caixin China New Economy Index Climbs on Income and Job Growth

The contribution of high value-added industries such as biotech to China’s total economic inputs expanded in September due chiefly to a rise in labor investment, a Caixin index showed Sunday.

The Caixin BBD New Economy Index (NEI) came in at 30.3 last month, indicating that new economy industries accounted for 30.3% of China’s overall economic input activities. The reading was up from 29.9 in August.