New Economy Index Continues to Rise As Technology Inputs Jump

The contribution of high value-added industries to China’s overall economic inputs continued to rise in April, as both technology and capital inputs in the industries increased, a private index showed Thursday.

The Mastercard Caixin BBD New Economy Index (NEI) rose to 28.6 in April from the previous month’s 28.3, indicating that new-economy industries accounted for 28.6% of China’s overall economic input activities — the highest reading in three months. The NEI dropped to a more-than-three-year low of 27.4 in February. The index measures labor, capital and technology inputs in 10 emerging industries relative to those in all industries.