ECONOMY

China’s New Economy Industries Slow as Capital Inputs Dwindle

Published: May. 6, 2025 5:01 p.m. GMT+8

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Workers hoist wind turbine components at an industrial park in North China’s Shanxi province. Photo: Xinhua

The contribution of high value-added industries such as biomedicine to China’s total economic inputs fell last month to a half-year low, due mainly to a decrease in capital inputs, a Caixin index showed Friday.

The Caixin BBD New Economy Index (NEI) came in at 33.1 in April, down 1.1 points from the previous month, indicating that new economy industries accounted for 33.1% of China’s overall economic inputs. The reading was the lowest since October.

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The Caixin BBD New Economy Index (NEI) fell to 33.1 in April, its lowest since October, with new economy industries contributing 33.1% of China’s total economic inputs.
Capital input subindex dropped 1.6 points to 49.2, technology input fell 1.8 points to 31.8, and labor input edged down 0.1 points to 19.9.
Average monthly entry-level salary in the ten tracked industries rose to 13,120 yuan ($1,815).

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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 compile the Caixin BBD New Economy Index (NEI) reports, which track the contributions of emerging industries to China’s economy.

BBD: BBD is a Chinese big-data research firm that collaborates with Caixin Data Technology Co. Ltd. and the National School of Development at Peking University to produce the monthly Caixin BBD New Economy Index (NEI) reports.

AI generated, for reference only