May 02, 2024 03:08 PM

ECONOMY

China’s New Economy Industries Gain Ground

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The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose in April, due to a rebound in capital inputs, a Caixin index showed Thursday.

The Caixin BBD New Economy Index (NEI) came in at 30.7 for last month, indicating that new economy industries accounted for 30.7% of China’s overall economic input activities. The reading is up 0.9 of a point from 29.8 in March.

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