China’s New Economy Index climbed in February

The New Economy Index (NEI) in China, published by Caixin and BBD, stood at 28.24 in February 2021, reversing its downward trend in the past two months. The NEI 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 February reading indicates that those high value-added industries contributed to 28.24% of China’s overall economic input in February, up from 27.32% in January. February’s rise was mainly driven by an increase in capital input.

Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q1 2021 report.