Caixin China New Economy Index Falls as Investment Shrinks

The contribution of high value-added industries such as biomedicine to China’s total economic inputs dipped in October as labor, capital and technology inputs all declined, a Caixin index showed Thursday.

The Caixin BBD New Economy Index (NEI) came in at 31 last month, down 0.9 points from September, indicating that new economy industries accounted for 31% of China’s overall economic input activities. The reading marks the first drop in four months.