THE contribution of high value-added industries such as biomedicine to China's total economic inputs reached the highest level since June 2016, a Caixin index showed.
The Caixin BBD New Economy Index (NEI) hit 34.4 in November, up 1.9 points from the previous month, indicating that new economy industries accounted for 34.4 per cent of China's overall economic input activities.
The NEI uses big data to track the size of China's nascent industries. It measures labour, capital and technology inputs in 10 emerging industries relative to those used in all industries.
Technology inputs rose by 3.6 points from October to 37.8, the highest since the data series began in 2015.
The subindex, which accounts for 25 per cent of the NEI, measures the number of research personnel recruited by the tracked industries, the number of inventions they created and the number of patents they obtained.
Gold hit an all-time high in October, driven by increasing haven demand amid tensions in the Middle East and Ukraine, as well as uncertainty surrounding the recent US presidential election.
The metal has erased some of the gains after Donald Trump decisively won the US presidential election and geopolitical tension in the Middle East showed signs of de-escalating.
SeaNews Turkey
The Caixin BBD New Economy Index (NEI) hit 34.4 in November, up 1.9 points from the previous month, indicating that new economy industries accounted for 34.4 per cent of China's overall economic input activities.
The NEI uses big data to track the size of China's nascent industries. It measures labour, capital and technology inputs in 10 emerging industries relative to those used in all industries.
Technology inputs rose by 3.6 points from October to 37.8, the highest since the data series began in 2015.
The subindex, which accounts for 25 per cent of the NEI, measures the number of research personnel recruited by the tracked industries, the number of inventions they created and the number of patents they obtained.
Gold hit an all-time high in October, driven by increasing haven demand amid tensions in the Middle East and Ukraine, as well as uncertainty surrounding the recent US presidential election.
The metal has erased some of the gains after Donald Trump decisively won the US presidential election and geopolitical tension in the Middle East showed signs of de-escalating.
SeaNews Turkey
