Caixin
Oct 07, 2022 04:29 PM
ECONOMY

Caixin China New Economy Index Climbs on Income and Job Growth

Solar panels get produced at a JA Solar factory in Shanghai on Aug. 3. Photo: VCG
Solar panels get produced at a JA Solar factory in Shanghai on Aug. 3. Photo: VCG

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.

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