China’s New Economy Index Rose in February 2020
The New Economy Index (NEI), published by Caixin Insights Group and BBD (Business Big Data, a quantitative business analytics firm), rose slightly in February 2020 to 30% from 29% in the previous month. The uptick is an interesting development given the circumstances around the Covid-19 outbreak and its negative impact on general economic activity in China.
The New Economy Index tracks the performance of China’s high value-added manufacturing and services industries, including energy conservation and environment protection, renewable energy, information technology and services, biotech, advanced equipment manufacturing, and financial and legal services.
The capital and technology input components increased to 36% and 29%, respectively, from 34% and 28% in January 2020. The labour input component remained stable at 26%, just as high as in January.
Detailed data and analysis on China’s Economy can be found in the CEIC China Economy in a Snapshot – Q4 2019.