China New Economy Gauge Rises on Stronger Capital Inputs
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The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose in April, driven by stronger capital investment, a Caixin index showed.
The Caixin BBD New Economy Index (NEI) came in at 32.5, up 0.8 points from the previous month. That indicates new economy industries accounted for 32.5% of China’s overall economic inputs.
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