ECONOMY

China’s New Economy Industries Suffer as Technology Inputs Decline

Published: Mar. 6, 2025 5:37 p.m. GMT+8

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Industrial robots at work on an assembly line. Photo: Xinhua

The contribution of high value-added industries such as biomedicine to China’s total economic inputs declined last month, as the level of technology inputs fell to a five-month low, a Caixin index showed this week.

The Caixin BBD New Economy Index (NEI) came in at 33.4 in February, down 0.4 points from the previous month, indicating that new economy industries accounted for 33.4% of China’s overall economic inputs.

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China's Caixin BBD New Economy Index dropped to 33.4 in February, a 0.4 point decrease from January, indicating a decline in technology inputs to a five-month low.
Technology inputs in emerging industries fell to 33.8, the lowest since September, while capital inputs slightly increased to 49.1, and labor inputs remained at 19.4.
The average monthly entry-level salary in the new economy sectors decreased to 12,133 yuan ($1,691).

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Who’s Who

Caixin Data Technology Co. Ltd.: Caixin Data Technology Co. Ltd., in collaboration with BBD and the National School of Development at Peking University, compiles monthly reports for the Caixin BBD New Economy Index (NEI). This index uses big data to assess the proportion of emerging industries in China's economy, measuring labor, capital, and technology inputs across 10 strategic, fast-growing industries.

BBD: BBD, in collaboration with Caixin Data Technology Co. Ltd. and the National School of Development at Peking University, contributes to the creation of the monthly Caixin BBD New Economy Index (NEI). This index tracks labor, capital, and technology inputs in 10 emerging Chinese industries using big data. BBD is a Chinese big-data research firm involved in analyzing nascent industry contributions to China's economy.

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