The contribution of high value-added industries such as new energy and biotechnology to China's total economic inputs expanded in May, due to rising capital and technology inputs, a Caixin index showed Friday. The Caixin BBD New Economy Index (NEI) came in at 30.1 last month, indicating that monitored new economy industries accounted for 30.1% of China's overall economic input activities. The gauge ticked up 0.9 points from 29.2 in April.

https://www.caixinglobal.com/2023-06-02/caixin-china-new-economy-index-rises-on-surge-in-venture-capital-levels-102061501.html

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