China’s New Economy Industries Gain on Record Tech, Capital Inputs, Caixin Index Shows

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In November, the NEI’s technology inputs rose by 3.6 points from October to 37.8, the highest since the data series began in 2015. Photo: VCG

The contribution of high value-added industries such as biomedicine to China’s total economic inputs reached the highest level since June 2016, as technology inputs jumped to an all-time high, a Caixin index showed Monday.

The Caixin BBD New Economy Index (NEI) hit 34.4 in November, up 1.9 points from the previous month, indicating that new economy industries accounted for 34.4% of China’s overall economic input activities.

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The Caixin BBD New Economy Index (NEI) reached 34.4 in November, up 1.9 points from October, indicating growth in China's new economy industries.
Technology inputs increased to 37.8, the highest since 2015, and capital inputs reached a record high of 49.1.
Labor inputs rebounded to 19.4, with the new information technology industry being the largest contributor, showing significant growth in the tech sector.

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Who’s Who

Caixin Data Technology Co. Ltd.: Caixin Data Technology Co. Ltd. collaborates with BBD and the National School of Development at Peking University to produce the monthly Caixin BBD New Economy Index (NEI) reports. These reports track the size and impact of China's emerging industries using big data, focusing on technology, capital, and labor inputs.

BBD: BBD is a Chinese big-data research firm involved in compiling the Caixin BBD New Economy Index (NEI). The firm collaborates with Caixin Data Technology Co. Ltd. and the National School of Development at Peking University to produce monthly reports that track China's emerging industries, focusing on labor, capital, and technology inputs.

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