Dec 05, 2023 07:09 PM

ECONOMY

Caixin China New Economy Index Falls on Lower Capital Inputs

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A worker at a new-energy equipment manufacturer produce spindle components for wind power transmission chains on Nov. 11 in Fuyang, East China’s Anhui province. Photo: VCG

A worker at a new-energy equipment manufacturer produce spindle components for wind power transmission chains on Nov. 11 in Fuyang, East China’s Anhui province. Photo: VCG

The contribution of high value-added industries such as biomedicine to China’s total economic inputs declined in November, due chiefly to a decrease in capital inputs, a Caixin index showed Saturday.

The Caixin BBD New Economy Index (NEI) came in at 30.6 last month, indicating that new economy industries accounted for 30.6% of China’s overall economic input activities. The reading is down from 31 in October and marks a second straight month of decline.

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