ECONOMY

China’s High Value-Added Industries Weaken

Published: Dec. 10, 2025 3:37 p.m. GMT+8

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The contribution of high value-added industries such as biomedicine to China’s total economic inputs dropped in November, with a decline in capital inputs, a Caixin index showed.

The Caixin BBD New Economy Index (NEI) came in at 31.6, down 1.6 points from the previous month. That indicates that new economy industries accounted for 31.6% of China’s overall economic inputs.

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The Caixin BBD New Economy Index (NEI) dropped to 31.6 in November, down 1.6 points from the previous month, signaling reduced input from high value-added industries.
Capital input subindex fell 4.2 points to 43.6; technology input edged down 0.5 points to 32, while labor input rose slightly by 0.1 to 20.9.
The average monthly entry-level salary in these industries was 13,451 yuan ($1,904), down 155 yuan month-on-month.

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Who’s Who

Caixin Data Technology Co. Ltd.: Caixin Data Technology Co. Ltd. is mentioned as one of the collaborators in writing the monthly Caixin BBD New Economy Index (NEI) reports. These reports are created in conjunction with Chinese big-data research firm BBD and the National School of Development at Peking University.

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 monthly NEI reports. The Caixin BBD New Economy Index (NEI) tracks the size of China's new economy industries, measuring labor, capital, and technology inputs in 10 emerging industries.

AI generated, for reference only