Caixin China New Economy Index Slips on Drop in Capital and Tech Investment

The contribution of high value-added industries such as new energy and biotechnology to China’s total economic inputs weakened in June, due mainly to shrinking capital and technology inputs, a Caixin index showed Sunday.

The Caixin BBD New Economy Index (NEI) came in at 28.2, indicating that monitored new economy industries accounted for 28.2% of China’s overall economic input activities last month, down from 30.1 in May.