The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose last month, as expansions in labor and technology inputs offset a contraction in capital inputs, a Caixin index showed.
The Caixin BBD New Economy Index (NEI) came in at 31.2 in September, up 1.3 points from August, reflecting that new economy industries accounted for 31.2% of China’s overall economic inputs.
