China’s New Economy Gauge Falls on Weaker Tech, Capital and Labor Inputs

The contribution of high value-added industries to China’s total economic inputs dropped in September, with declines in tech, capital and labor inputs, a Caixin index shows.

The Caixin BBD New Economy Index (NEI) came in at 34.1, down 0.9 points from the month before. That indicates new economy industries accounted for 34.1% 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.