ECONOMY

China New Economy Gauge Slips on Weaker Capital, Tech Inputs

Published: Feb. 3, 2026 6:17 p.m. GMT+8

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The contribution of high value-added industries such as biomedicine to China’s total economic inputs dropped in January, with declines in capital and tech inputs, a Caixin index showed.

The Caixin BBD New Economy Index (NEI) came in at 32.7, down 0.7 points from the previous month. That indicates new economy industries accounted for 32.7% of China’s overall economic inputs.

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The Caixin BBD New Economy Index (NEI) dropped to 32.7 in January, down 0.7 points month-on-month, indicating new economy industries comprised 32.7% of China's economic inputs.
Capital inputs fell to 47.7 (-0.2), tech inputs to 29.9 (-2.9), while labor inputs rose slightly to 21.4 (+0.2).
New information technology was the largest contributor, and average entry-level salaries in the 10 sectors reached 13,655 yuan ($1,966), up 95 yuan month-on-month.

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Who’s Who

Caixin Data Technology Co. Ltd.: Caixin Data Technology Co. Ltd. writes monthly reports for the Caixin BBD New Economy Index (NEI) in collaboration with Chinese big-data research firm BBD and the National School of Development at Peking University. The NEI measures the size of China's new economy industries using big data.

BBD: BBD (数联铭品) is a Chinese big-data research firm. They collaborate with Caixin Data Technology Co. Ltd. and the National School of Development at Peking University to produce the monthly Caixin BBD New Economy Index (NEI) reports. This index utilizes big data to monitor the scale of China's new economy sectors.

AI generated, for reference only