Caixin China New Economy Index Rises Again on Growing Investment

The contribution of high value-added industries such as new energy and biotechnology to China’s total economic inputs increased in September due mainly to a rise in capital inputs, a Caixin index showed Monday.

The Caixin BBD New Economy Index (NEI) came in at 31.9 last month, indicating that new economy industries accounted for 31.9% of China’s overall economic input activities. The reading is up from 30.4 in August, and marks a third straight month of growth.