Mar 03, 2023 06:11 PM

ECONOMY

Caixin China New Economy Index Expands on Surge in Capital Investment

Workers assemble the hub of a wind turbine Tuesday in Lianyungang, East China’s Jiangsu province. Photo: VCG

Workers assemble the hub of a wind turbine Tuesday in Lianyungang, East China’s Jiangsu province. Photo: VCG

The contribution of high value-added industries such as new energy and biotechnology to China’s total economic inputs expanded in February, due to a surge in capital inputs, a Caixin index showed Thursday.

The Caixin BBD New Economy Index (NEI) came in at 29.5 last month, indicating that monitored new economy industries accounted for 29.5% of China’s overall economic input activities. The gauge climbed 1.2 points from 28.3 in January.

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