ECONOMY

China New Economy Gauge Rises as Tech, Labor Inputs Improve

Published: Mar. 2, 2026 3:36 p.m. GMT+8

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The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose in February, with gains in tech and labor inputs, a Caixin index showed.

The Caixin BBD New Economy Index (NEI) came in at 33.8, up 1.1 points from the previous month. That indicates new economy industries accounted for 33.8% of China’s overall economic inputs.

The NEI uses big data to track the size of China’s new economy industries. It measures labor, capital and technology inputs in 10 emerging industries relative to those used in all industries.

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The Caixin BBD New Economy Index (NEI) rose to 33.8 in February, indicating new economy industries contributed 33.8% to China's economic inputs.
Technology and labor subindexes increased to 32.5 (+2.6 points) and 22.3 (+0.9 points), while the capital input subindex remained unchanged at 47.7.
The new information technology industry contributed 14.4 points, and average entry-level salary in the 10 tracked sectors reached 13,678 yuan ($1,994).

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Who’s Who

Caixin Insight Group: Caixin Insight Group, in collaboration with Chinese big-data research firm BBD and Peking University's National School of Development, produces monthly reports on the Caixin BBD New Economy Index (NEI). This index utilizes big data to track China's new economy industries, measuring labor, capital, and technology inputs across ten emerging sectors.

BBD: BBD (数联铭品) is a Chinese big-data research firm. They collaborate with Caixin Insight Group and the National School of Development at Peking University to produce the monthly Caixin BBD New Economy Index (NEI). The NEI uses big data to track the size of China’s new economy industries.

AI generated, for reference only