The contribution of high value-added industries such as biomedicine to China’s total economic inputs fell to an eight-month low in June, due primarily to declines in capital and technology inputs, a Caixin index showed.
The Caixin BBD New Economy Index (NEI) came in at 32.7 in June, down 0.4 points from the previous month, indicating that new economy industries accounted for 32.7% of China’s overall economic inputs. The reading was the lowest since October.
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