Caixin
Nov 02, 2022 05:57 PM
ECONOMY

Investment in China’s New Economy Sectors Shrinks, Caixin Index Shows

The Caixin BBD New Economy Index (NEI) came in at 28.5 last month. Photo: VCG
The Caixin BBD New Economy Index (NEI) came in at 28.5 last month. Photo: VCG

The contribution of high value-added industries such as biotechnology to China’s total economic inputs slipped in October due chiefly to a decrease in capital and labor investments, a Caixin index showed Wednesday.

The Caixin BBD New Economy Index (NEI) came in at 28.5 last month, indicating that the monitored new economy industries accounted for 28.5% of China’s overall economic input activities. The reading is down 1.8 points from 30.3 in September.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin-Sinica Business Brief: China Mourns Death of Former President Jiang Zemin
00:00
00:00/00:00