Caixin
Dec 02, 2022 07:42 PM
ECONOMY

Caixin New Economy Index Gets a Lift From Rising Labor Investment

Photo: VCG
Photo: VCG

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

The Caixin BBD New Economy Index (NEI) came in at 30 last month, indicating that monitored new economy industries accounted for 30% of China’s overall economic input activities. It is up 1.5 points from 28.5 in October.

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