February Caixin China New Economy Index rises to 33.8

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[Caixin] Mainly driven by increases in technology investment and labor input, Caixin China New Economy Index (NEI) rose to 33.8 in February 2026.

Data released by Caixin Think Tank on March 2 shows that the NEI in February 2026 was 33.8, meaning the proportion of new economy investment in the total economic investment was 33.8%, up 1.1 percentage points from the previous month. The report states 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 February 2026, the technology investment index was 32.5, up 2.6 from the previous month; the labor input index was 22.3, an increase of 0.9 month-on-month; and the capital investment index remained flat at 47.7 compared to the previous month. After multiplying by their respective weights, the relative changes in technology, labor, and capital investments are approximately 0.6, 0.4, and 0 percentage points.

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