March Caixin China New Economy Index drops to 31.7

2026-04-02 02:19:39

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【Caixin Global】 Even though technology investment continues to rise, the Caixin China New Economy Index (NEI) for March 2026 fell to 31.7, affected by declines in capital input and labor input.

Data released by the Caixin Think Tank on April 2 showed that the NEI recorded 31.7 in March 2026, meaning that the share of new economy investment in total economic investment was 31.7%, down 2.1 percentage points from the previous month. The report said that since 2021, the new economy index has shown a fluctuating upward trend.

The NEI includes three primary indicators—labor, capital, and technology—with weights of 40%, 35%, and 25%, respectively. In March 2026, the decline in the NEI was mainly driven by a drop in capital input: the capital input index fell 6.1 from the previous month, to 41.6; the labor input index recorded 21.7, down 0.6; the technology investment index continued to rise, reaching 33.7, up 1.2 from the previous month. After multiplying by the weights, the relative changes in labor, capital, and technology investment were approximately -0.2, -2.2, and 0.3 percentage points, respectively.

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