May 02, 2023 06:54 PM

ECONOMY

Caixin China New Economy Index Rises on Growing Tech and Capital Investment

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A crane loads wind turbine blades onto a cargo ship on March 2 in Yantai, East China’s Shandong province. Photo: VCG

A crane loads wind turbine blades onto a cargo ship on March 2 in Yantai, East China’s Shandong province. Photo: VCG

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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