Caixin China New Economy Index Plumbs Seven-Month Low

The contribution of high value-added industries such as biomedicine to China’s total economic inputs hit a seven-month low in January, due primarily to a decline in capital inputs, a Caixin index showed Friday.

The Caixin BBD New Economy Index (NEI) registered at 29.4 last month, indicating that new economy industries accounted for 29.4% of China’s overall economic input activities. The reading is down from 29.9 in December, marking a fourth straight monthly drop and the lowest since June.