Caixin China New Economy Index Dips to Five-Month Low

The contribution of high value-added industries such as biomedicine to China’s total economic inputs dipped to a five-month low in December, due chiefly to a dual decrease in technology and capital inputs, a Caixin index showed Tuesday.

The Caixin BBD New Economy Index (NEI) came in at 29.9 last month, indicating that new economy industries accounted for 29.9% of China’s overall economic input activities. The reading is down from 30.6 in November, marking a third straight month of decline and the lowest since July, when it hit 29.5.