China’s New Economy Industries Gain on Rebound in Capital Inputs, Caixin Index Shows

The contribution of high value-added industries such as biomedicine to China’s total economic inputs hit a five-month high in February, propelled by a strong rebound in capital inputs, a Caixin index showed March 2.

The Caixin BBD New Economy Index (NEI) hit 31.3 last month, indicating that new economy industries accounted for 31.3% of China’s overall economic input activities. The reading is up from 29.4 in January and marks the highest since September.