China’s New Economy Regains Momentum on Labor, Capital Boost

The contribution of high value-added industries to China’s total economic inputs rebounded in August, driven chiefly by growth in labor and capital inputs, a Caixin index shows.

The Caixin BBD New Economy Index (NEI) came in at 35, up 1.2 points from the previous month. That indicates new economy industries accounted for 35% of China’s overall economic inputs.

The NEI uses big data to track the size of China’s new economy industries. It measures labor, capital and technology inputs in 10 emerging industries relative to those used in all industries.