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New economy industries accounted for 31.2% of China’s overall economic inputs in September. Photo: VCG
The contribution of high value-added industries such as biomedicine to China’s total economic inputs rose last month, as expansions in labor and technology inputs offset a contraction in capital inputs, a Caixin index showed.
The Caixin BBD New Economy Index (NEI) came in at 31.2 in September, up 1.3 points from August, reflecting that new economy industries accounted for 31.2% of China’s overall economic inputs.
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