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

2026-04-03 01:49:35

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In March 2026, Caixin China New Economy Index (NEI) recorded 31.7, meaning that the share of new-economy investment in total economic investment is 31.7%. On a comparable basis, this month’s NEI fell by 2.1 percentage points from the previous 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, whose weights in NEI are 40%, 35%, and 25%, respectively. Among them, the labor indicator includes the number of new-economy job postings and the proportion of total wages; the capital indicator includes the proportion of new-economy industry venture capital, the proportion of bidding, the proportion of registered capital of newly registered companies on the NEEQ board, and the proportion of newly registered companies’ registered capital; and the technology indicator includes the share of new-economy patent application counts and the share of patent transformation quantities. All the data above come from internet big data.

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