Caixin China New Economy Index Falls on Lower Capital Inputs

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.