Caixin China New Economy Index Rises on Surge in Venture Capital Levels

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

The Caixin BBD New Economy Index (NEI) came in at 30.1 last month, indicating that monitored new economy industries accounted for 30.1% of China’s overall economic input activities. The gauge ticked up 0.9 points from 29.2 in April.