Key facts
- The Caixin BBD New Economy Index (NEI) reached 34.1 in June.
- This indicates new economy industries accounted for 34.1% of China's total economic inputs.
- Growth in capital, technology, and labor inputs contributed to the rise.
- High value-added industries such as biomedicine were key drivers.
China's New Economy Gauge, tracked by the Caixin BBD New Economy Index (NEI), showed a significant increase in June. The index rose to 34.1, up 1.7 points from the previous month, indicating that new economy industries accounted for 34.1% of China's total economic inputs. This growth was primarily driven by increased capital, technology, and labor inputs, particularly within high value-added sectors such as biomedicine. The NEI utilizes big data to measure the labor, capital, and technology inputs in 10 emerging industries relative to all industries in China.