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Uncover China's 'New Economy' With This Index

  • ’New economy’ makes up about a third of total output: study
  • Index is being developed as Premier Li champions innovation
Inside A Faber-Castell Stationery Manufacturing And Packaging Facility
Photographer: Brent Lewin/Bloomberg
Corrected

China’s new economy is powering ahead even as old industrial sectors drag on growth. Problem is, the performance of up-and-coming industries is often overlooked in official data that’s skewed to measuring things like steel or coal output.

An index being developed by investment adviser CEBM Group and Chengdu-based Business Big Data is seeking to flesh out coverage of sectors like information technology, green energy and advanced materials. It finds these and other so-called "new economy" industries now account for about a third of China’s output, with higher investment in research and development and better wages that lure and retain talent fueling their rise.