May 02, 2024 03:08 PM

ECONOMY

China’s New Economy Industries Gain Ground

00:00

00:00/00:00

Listen to this article 1x

The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose in April, due to a rebound in capital inputs, a Caixin index showed Thursday.

The Caixin BBD New Economy Index (NEI) came in at 30.7 for last month, indicating that new economy industries accounted for 30.7% of China’s overall economic input activities. The reading is up 0.9 of a point from 29.8 in March.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Xi Visits Kazakhstan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Biz Roundup: China’s Panda Bond Boom

00:00

00:00/00:00

MOST POPULAR

1: China’s Manufacturing Growth Hits Three-Year Peak, Caixin PMI Shows

2: Spluttering Car Sales Put Pressure on Dealers as China’s Inventory Alert Index Soars

3: China Calls for Severe Punishments after Kidnapped Victims Murdered in Philippines

4: Cover Story: School’s Out for China’s Rural Students as Classrooms Close

5: In Depth: China’s Push to Expand Its Carbon Market

SPONSORED

OR