Caixin New Economy Index Gets a Lift From Rising Labor Investment
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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