Wang Zhe: China's New Economy Index declined in March, mainly due to reduced capital investment.

2026-04-04 01:51:30

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In March 2026, Caixin China’s New Economy Index (NEI) recorded 31.7, meaning that new-economy investment accounts for 31.7% of total economic investment. On a comparable basis, this month’s NEI fell by 2.1 percentage points from last month. From 2021 to the present, the New Economy Index has shown a fluctuating upward trend.

NEI includes three first-level indicators: labor, capital, and technology. Their weights in the NEI are 40%, 35%, and 25%, respectively. Among them, the labor indicator includes the number of new-economy hiring positions and the proportion of the total wage amount. The capital indicator includes the proportion of new-economy industry venture capital, the proportion of bidding, the proportion of registered capital of new Third Board companies that have applied, and the proportion of newly registered capital. The technology indicator includes the proportion of new-economy field patent applications and the number of patent transformations. All of the above data come from internet big data.

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