China’s New Economy Industries Gain as Capital Inputs Hit Record High
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The new information technology sector remained the largest contributor to the NEI. Photo: AI generated
The contribution of high value-added industries such as biomedicine to China’s total economic inputs increased last month, as the level of capital inputs hit an all-time high, a Caixin index showed Wednesday.
The Caixin BBD New Economy Index (NEI) came in at 34.2 in March, up 0.8 points from the previous month, indicating that new economy industries accounted for 34.2% of China’s overall economic inputs.
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- The Caixin BBD New Economy Index rose to 34.2% in March, with significant contributions from high value-added industries like biomedicine.
- Capital inputs in China reached an all-time high of 50.8 points, while labor inputs increased to 20 points, the highest in eight months.
- Technology inputs decreased slightly to 33.6 points. Entry-level salaries in the tracked industries averaged 12,958 yuan ($1,780), showing an increase from February.
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What Happened When
- March 2016：
- The NEI was launched.
- February 2025：
- The Caixin BBD New Economy Index was 33.4.
- March 2025：
- The Caixin BBD New Economy Index (NEI) came in at 34.2, up 0.8 points from the previous month, indicating that new economy industries accounted for 34.2% of China's overall economic inputs.
- By March 2025：
- The subindex for capital inputs rose to 50.8, the highest on record.
- By March 2025：
- The gauge for labor inputs increased to 20, the highest in eight months.
- By March 2025：
- The gauge for technology inputs slipped to 33.6, the lowest since September 2024.
AI generated, for reference only
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