ECONOMY

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

Published: Oct. 2, 2026 3:45 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and Bloomberg - for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Caixin BBD New Economy Index fell to 34.1 in September, down 0.9 points from the prior month, reflecting 34.1% of China's economic inputs.
All three subindices declined: technology inputs fell 1.4 points to 31.9, capital inputs dropped 0.8 points to 47.4, and labor inputs slipped 0.7 points to 23.8.
Average entry-level salary across 10 tracked industries was 13,325 yuan ($1,988), down 61 yuan from August; new IT remained the largest contributor at 12.6 points.

AI generated, for reference only

Who’s Who

Caixin Insight Group: Caixin Insight Group is a Chinese research firm that, with big-data firm BBD and Peking University’s National School of Development, writes monthly reports on the Caixin BBD New Economy Index (NEI), which tracks new economy industries' contributions to China's economic inputs.

BBD: BBD (成都数联铭品科技有限公司) is a Chinese big-data research firm that co-authors the monthly Caixin BBD New Economy Index (NEI) reports with Caixin Insight Group and Peking University’s National School of Development.

AI generated, for reference only