Caixin China New Economy Index Rises on Growing Tech and Capital Investment
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The contribution of high value-added industries such as new energy and biotechnology to China’s total economic inputs expanded in April, due to a surge in technology and capital inputs, a Caixin index showed Tuesday.
The Caixin BBD New Economy Index (NEI) came in at 29.2 last month, indicating that monitored new economy industries accounted for 29.2% of China’s overall economic input activities. The gauge ticked up 0.9 points from 28.3 in March.
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