Caixin New Economy Index Slips for Second Straight Month
The contribution of high value-added industries such as biotech and new energy to China’s total economic inputs declined in January as labor, capital and technology inputs all slipped, a Caixin index showed Thursday.
The Caixin BBD New Economy Index (NEI) came in at 28.3 last month, indicating that monitored new economy industries accounted for 28.3% of China’s overall economic input activities. The gauge fell 1.4 points from 29.7 in December, marking the second straight monthly decline.
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