NEI climbs to 30.3 in February with stronger recovery capacities during epdemic

Thanks to the comprehensive recovery of the workforce, capital investment, and technology input, the Mastercard Caixin BBD China New Economy Index, NEI for short, has climbed to 30.3 in February.
The figure means that the New Economy accounted for 30.3% of China’s overall economic input in February and marks a 1.2% increase from last month.

Thanks to the comprehensive recovery of the workforce, capital investment, and technology input, the Mastercard Caixin BBD China New Economy Index, NEI for short, has climbed to 30.3 in February.

The figure means that the New Economy accounted for 30.3% of China’s overall economic input in February and marks a 1.2% increase from last month.

The NEI consists of three primary indicators: labor, capital, and technology, which accounts for 40%, 35%, and 25%, respectively. The index of capital input has fluctuated dramatically in the past year.

In February, the reading came in at 36.4, with a month-on-month increase of 2.4 percentage points. The technology input index has fluctuated and decreased since March 2019, then rose to 28.5 in February by 0.6 percentage points compared to January.

The labor index showed a downward trend in the past year, but in February has grown by 0.4 percentage points month-on-month to 26.1.

Chang Qing, President of MasterCard China, said that NEI in February has continued its steady trend since the beginning of the year, and shown substantial toughness under the impact of the novel coronavirus epidemic.

The new economy industries’ recruitment recovery rate is significantly higher than that of the non-new economy industries. The sectors of the new-generation information technology and information service remain the biggest industry contributors.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/nei-climbs-to-30-3-in-february-with-stronger-recovery-capacities-during-epdemic/.

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