March Caixin China New Economy Index drops to 31.7

2026-04-07 02:46:49

【Caixin Net】 Despite continued growth in technology investment, the Caixin China New Economy Index (NEI) for March 2026 fell to 31.7 due to declines in capital investment and labor input.

Data released by the Caixin Think Tank on April 2 showed that the NEI for March 2026 recorded 31.7, 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 NEI decline was mainly driven by a drop in capital investment: the capital investment index fell 6.1 from the previous month, recording 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 respective 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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