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bbd指标三条线代表什么(bbd指标)

今天(6.29)是一个让广大股民心碎的一天,应了那句话“辛辛苦苦几十年,一夜回到解放前”,大盘如此惨烈,游资夺路而逃,指数惨不忍睹,利润瞬间灰飞烟灭。那么,我们作为小散,难道不应该有这个意识吗?下面四幅图,看懂了,你就避开了今日的凶险,集合竞价时就落袋为安了,闲话少说,上干货了。

先看今天上证指数集合竞价情况,我在集合竞价图上的清清楚楚,说明,大游资早早的就跑了。你还等什么,跑呀!

 

 

第二,看看大单BBD

普及下小常识,何为大单BBD,BBD是一款炒股软件主力资金监控系统的简称,包括主力“特大单差”“大单差”“大买单”“大卖单”“多空趋势”等指标。在股市中,BBD指标是判断现金流的一个重要的指标之一。

BBD的作用? BBD指标可以帮助普通投资者分析资金在大市场上的走势,并通过复杂的数据和信息让普通投资者清楚地了解大资金买入卖出的信息,方便掌握未来的趋势,及时作出相应操作。BBD指标为正数,且呈上升趋势,这表明多方有优势。相反,BBD是负数,并且为下降趋势,也就是空方有优势。

看看今天的上证BBD走势,你什么都清楚了。

 

 

 

第三,看看今天的北向资金

普及小知识,什么是北向资金?

北向资金被视为国际资本配置A股的风向标,他们善于抄底也擅长挖价值成长股。因其买入和卖出操作精准,被A股投资者称为聪明资金。跟踪北向资金,研究其布局方向,判断资金意图,以便更好的应对市场的变化

 

 

 

第四,看看市场总览,一目了然吧!

 

 

 

 

最后,以股市箴言结尾。“会买的是徒弟。会卖的是师傅”最高层次的是什么?是“会空仓的是祖师爷”

一点不假!

有了解我的看盘软件情况的,留言,统一回复。

写一篇文章不易,如果对你有启示,给个点赞吧。

个人心得,仅供参考,班门弄斧,贻笑大方!

郑重声明:本文涉及资讯、数据等内容来自网络公共信息,仅供参考,不构成投资建议。投资者据此操作,风险自担。

2016年6月,万事达卡财新BBD中国新经济指数为30.8,即新经济占整个经济投入的比重为30.8%。

声明:从2016年7月开始,中国新经济指数报告由万事达卡冠名,指数名称正式更名为:万事达卡财新BBD中国新经济指数。

一、指数概览

2016年6月,万事达卡财新BBD中国新经济指数(以下简称NEI)为30.8,即新经济占整个经济投入的比重为30.8%。该值较5月的30.1上升0.7个百分点,是2015年8月以来的第三高值(图1)。NEI之新经济据于以下定义:首先,高人力资本投入、高科技投入、轻资产。其次,可持续的较快增长。第三,符合产业发展方向。NEI所含行业详见第二部分的讨论和《万事达卡财新BBD中国新经济指数技术报告》。

二、主要分项指标

NEI包括劳动力、资本和科技投入三项一级指标,它们在NEI中的权重分别是40%、35%和25%。6月NEI的微升主要来自资本投入的反弹,而劳动力投入与科技投入指数均略有回落(图2)。劳动力投入指数从3月开始首次突破30,达到31.4,但随后三个月该指数连续下降,6月跌至29.0。资本投入指数在近半年中的波动较大,在4月从36.5急跌至26.6之后,连续两月出现强劲反弹,升至32.2。科技投入指数在4月达到历史最高值33.5之后连续两月均有回落,下降至31.7,但仍然是过去10个月来的第三高值。

劳动力、资本和科技投入的变化绝对值分别为-0.7,3.2,和-0.5个百分点,与权重相乘求和后,对4月NEI变化的绝对贡献值为0.7(图3)。

分行业看,NEI中占比最大的行业为新一代信息技术与信息服务产业,2016年6月为总指数贡献了10.6个百分点,新材料行业在本月上升较快,贡献4.9个百分点,其次为新能源产业,贡献4.3个百分点(图4)。

三、新经济就业情况

2016年6月,新经济行业入职平均工资水平下降至每月8336元,自2016年2月以来波动较大(图5)。新经济工资主要来自应届生、51job以及智联招聘等数个招聘网站的招聘信息,即对劳动力的需求工资。我们在所有招聘信息中抽取出上市企业的招聘信息作为一项较为稳定的参照系,从下图中可以发现,与上市企业入职平均工资相比,新经济企业的工资水平上升更快,该趋势在2016年之后变得更加明显。

6月新经济行业招聘人数占全国总招聘人数比例稳中有降,为27.8%,比上个月降低了0.1%,而新经济行业招聘总薪酬占全国总薪酬比重从31.5%略降为30.1%。新经济行业的平均入职工资水平相对于全国平均入职工资水平有所下降,6月的新经济工资 “溢价”为8%(图6)。

从2015年8月至2016年6月,中国新经济行业招聘数量稳步上升,总需求岗位数在2015年8月仅为540万,在春节期间以及4月下降后,5月与6月反弹至1150万。从招聘岗位数量的比例看,新经济行业劳动需求量占总劳动需求量的比例略有上升,从2015年8月的26.8%上升至2016年4月的27.6%,6月略微回落至27.2%。

四、城市人口流动

从2016年5月开始,新经济指数报告加入了人口流动这一重要数据。6月与5月相比,全国205个机场有128个人口净流入增加,77个人口净流入减少。图8列出了2016年5月到6月通过航班流动的的城市人口净流入增加最多的前十大城市。北京、武汉和广州在当月人口净流入增量上排名前三,代表这三个城市在人口集聚上的“加速度”名列前茅。济南、长沙和南京紧随其后。

五、新经济城市排名

新经济总量指数城市排名前20名如图9所示,上海、深圳、北京、杭州与成都排名前五。广州由于新成立的新经济企业在近两月收缩较快,在榜单上连续后退。该排序的计算方式是,计算每个投入指标在所有城市中的排序百分位,再将百分位加权平均,体现的是近半年城市间新经济总量排名。

图10是从2015年12月到2016年6月新经济占比城市排名,前五名为上海、北京、深圳、杭州与福州。

更多咨询敬请联络:

万事达卡:

公共关系副总裁 吴焕宇

电话:+86-10-8519-9304

电邮:

财新智库:

财新智库莫尼塔董事长兼首席经济学家 沈明高

电话:+86-10-8104-8016

电邮:

公关总监 马玲

电话:+86-10-8590-5204

电邮:

BBD(数联铭品):

BBD(数联铭品)首席经济学家 陈沁

电话:+86-28-65290823

电邮:

版权声明

万事达卡财新BBD中国新经济指数,是由财新智库(深圳)投资发展有限公司和成都数联铭品科技公司共同研发,与北京大学国家发展研究院合作,经过近一年努力,于2016年3月2日在北京首发的指数产品,此后每月2日上午10:00发布上月数据。

关于万事达卡:

万事达卡(纽交所股票交易代码:MA),www.mastercard.cn,是全球性的支付与科技公司。通过运营全球最快的支付处理网络,万事达卡将超过210个国家和地区的消费者、金融机构、商户、政府和企业连接在一起。万事达卡的产品和解决方案使得每个人在购物、旅行、企业经营、财务管理等日常商业活动都变得更容易、更安全和更高效。敬请关注我们的“万事达卡”官方微信以及在新浪的官方微博@万事达人,以获悉动态并参与互动。也可访问万事达卡新闻中心或万事达卡互动中心获取更多资讯。

关于财新:

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关于BBD:

BBD(数联铭品)是行业领先的大数据解决方案提供商,紧密围绕新经济,通过动态尽调、信用评级、风险定价和经济指数四个步骤,BBD提供从微观到宏观的大数据服务。

MasterCard Caixin BBD China New Economy Index

In an effort to increase transparency on the structural changes underway in China’s economy, the MasterCard Caixin BBD China New Economy Index (NEI) was established. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time.

The NEI uses big data analysis to track changes in contribution to overall economic activity in China’s New Economy including 1) Energy Conservation & Environmental Protection, 2) New IT & Information Services, 3) Biotech, 4) Advanced Equipment Manufacturing, 5) Renewable Energy, 6) Advanced Materials, 7) New Energy Vehicles, 8) High-tech Services/Research and Development, and 9) Financial & Legal Services. In addition to providing a high level view of ongoing structural changes in the balance between the Old Economy and New Economy, the NEI dives deeper into the capital, labor and technological inputs driving change across the New Economy and within new economy sectors and industries.

The NEI aims to provide deeper insight into the changing characteristics of China’s economy to improve transparency and forecasting accuracy. The NEI and its sub-indices are thus an important set of indicators that can be used to follow emerging patterns and understand the pace of structural transition as the path for the New Economy gradually unfolds.

Overview

June’s MasterCard Caixin BBD New Economy Index reading came in at 30.8, indicating that the New Economy accounted for 30.8% of overall economic input activities in June. This month’s reading observed a 70 basis point increase from May and marked the third highest mark for the NEI since August of 2015 (Chart 1).

Primary Inputs: Capital Investment Drives NEI

NEI included labor, capital and technology inputs that account for 40%, 35% and 25% weight respectively. Among the primary inputs, the uptick in the June NEI reading came mainly from a capital investment rebound, as both technology investment and labor input index fell slightly (Chart 2). The labor input first went above 30 in March but since then has seen a continual slide from the high of 31.4 in March to this month’s 29.0 reading. The capital input has seen relatively more fluctuation in the last few months, falling markedly from 36.5 in March to 26.6 in April. The last two months have seen a rebound to June’s 32.2. The technology input has receded from April’s record high of 33.5 to 31.7 this month, which remains the third highest reading.

Percentage changes in labor, capital, and technology this month were -0.7, 3.2, and -0.5 percentage points respectively. After accounting for the weightings, the sum of changes resulted in the 0.7 percentage point increase in NEI (Chart 3).

Looking at the sub sectors, the New IT industry contributed the most to NEI growth, 10.6 percentage points, followed by 4.9 percentage points in Advanced Materials, and 4.3 percentage points in New Energy (Chart 4).

New Economy Employment

China’s average monthly entry-level salary advertised in the New Economy fell to RMB 8,336. This number has seen relatively high volatility since February 2016 (Chart 5). As the New Economy figure is mainly a composite of advertised entry-level salaries from job listing websites such as 51job.com and zhaopin.com, we have also analyzed job listings from publicly listed companies as a frame of reference. Compared to listed companies, New Economy sector entry-level wages have risen faster, with the trend becoming more apparent in 2016.

Hiring in New Economy sectors accounted for 27.8% of total hiring in June, a very slight decrease of 0.1 percentage point from the previous month. Total compensation in New Economy sectors also fell slightly from 31.5% to 30.1%. Meanwhile, New Economy sector entry salary premium declined relative to the overall economy salaries, now at just 8% more than economy-wide counterparts (Chart 6).

From August 2015 to June 2016, New Economy labor demand increased steadily from 5.4 million to 11.5 million (Chart 7), although there were short-term drawdowns after Chinese New Year and also in April and May. The New Economy’s share of total demand for labor increased slightly, rising from 26.8% in August 2015 to 27.6% in April 2016, but down slightly to 27.2% in June.

Urban Population Flows

Starting this month, the NEI has begun to track changes in urban population flows using domestic air travel traffic between China’s largest 205 airports as a proxy for net population movement between China’s urban centers. The tracking methodology has been adjusted for international travel that would otherwise skew flow results.

This month’s results show that in June 128 out of the 205 airports in our tracking basket saw a net population increase, while 77 airports saw net outflows. The cities of Beijing, Wuhan, and Guangzhou had observed the largest net population inflows closely followed by Jinan, Changsha, and Nanjing (Chart 8).

New Economy City Rankings

For total new economy input, Shanghai, Shenzhen, Beijing, Hangzhou, and Chengdu placed in the top five. Guangzhou has notably seen a recession of new economy activity in the past two months and declined in rankings (Chart 9).

Rankings are based on a moving average of the percentile rank of sub-indicators for the city in the past 6 months.

For the city NEI rankings, or effectively the ratio of new economy input to total economic input in each city, Shanghai topped the list with roughly a third of the city’s economic input from new economy sectors. Beijing, Shenzhen, Hangzhou, and Fuzhou rounded out the top five, all with more than 30% input from the new economy.

For further information please contact:

MasterCard

Mr. Wu Huanyu, Vice President of Public Relations

Tel:+86-10-8519-9304

Email:

Caixin Insight Group

Dr. Minggao Shen, CEO & Chief Economist

Tel:+86-10-8104-8016

Emails:

Ma Ling, Public Relations

Tel:+86-10-8590-5204

Email:

BBD

Chenqin, Chief Economist

Tel:+86-28-65290823

Email:

The MasterCard Caixin BBD China New Economy Index is the fruit of a research partnership between Caixin Insight Group and BBD, in collaboration with the National Development School, Peking University. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time.

About Caixin

Caixin Media is China's leading media group dedicated to providing financial and business news through periodicals, online content, mobile applications, conferences, books and TV/video programs. Caixin Media aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms. Caixin Insight Group is a high-end financial data and analysis platform. For more information, please visit www.caixin.com.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

中新网北京7月8日电 (记者 闫晓虹)财新智库和BBD联合发布的最新数据显示,受益于资本投入上升,2020年6月万事达卡财新BBD中国新经济指数有所改善,录得32.1,即新经济投入占整个经济投入的比重为32.1%,比5月提高1个百分点。升至2017年9月以来最高,表明新冠疫情后的经济复苏中,新经济发挥了重要作用。

万事达卡财新BBD中国新经济指数(NEI)包括劳动力、资本和科技三项一级指标,在NEI中的权重分别是40%、35%和25%。从分项指标来看,资本投入上升是6月NEI改善的主因。资本投入指数近一年来波动上升,6月录得42.5,环比上升4.6;科技投入指数自2020年4月起下降,6月录得27.8,环比下降2.2;劳动力投入指数近两年来小幅下降,6月录得25.6,环比下降0.3。

万事达卡中国区总裁常青表示,值上半年收官的重要节点,本月NEI跃升至近两年最高值,新经济也持续在经济复苏中发挥关键作用。本月,还尤其看到了小型企业招聘份额的回升与线下服务业的首次回暖,彰显了小微企业运行态势的改善以及经济活力的进一步恢复。

万事达卡首席经济学家、万事达卡经济研究所所长BricklinDwyer表示:随着各项防疫措施的长期有效部署,中国大陆的经济活动也实现了持续恢复。6月NEI升至自2017年9月以来的最高值,凸显了经济的稳步复苏。值得注意的是,本月增幅主要源于资本投入上升的强力拉动,新材料产业也做出了突出贡献。此外,劳动力市场也同步释放出了复苏信号,传菜和快递类岗位招聘数量本月实现了自2019年10月以来的首次同比增长,一定程度上展现了人们对电商的依赖以及部分消费行为的回弹。

从行业贡献度看,NEI中占比最大的行业为新一代信息技术与信息服务产业,6月为总指数贡献了11.1个百分点;新材料产业上升最快,贡献2.3个百分点,从5月的第八名上升至第五名;节能与环保业下降最快,贡献2.3个百分点,从5月的第三名下降至第六名。

万事达卡财新BBD中国新经济指数由北京大学国家发展研究院等合作研发,旨在度量中国经济转型中新经济相对于传统经济或旧经济的活跃程度。(完)

一、指数概览

2018年4月,万事达卡财新BBD中国新经济指数(NEI)录得29.7,即新经济投入占整个经济投入的比重为29.7%。2017年以来,NEI指数波动较大,按可比口径计算,本月NEI比上月下降1.6个百分点(图1)。本月NEI的下降主要来自科技投入和资本投入的下降。

NEI新经济据于以下定义:首先,高人力资本投入、高科技投入、轻资产;其次,可持续的较快增长;第三,符合产业发展方向。NEI所含行业详见《万事达卡财新BBD中国新经济指数技术报告》与《万事达卡财新BBD中国新经济指数报告(2017年4月)》。

二、主要分项指标

NEI包括劳动力、资本和科技三项一级指标,它们在NEI中的权重分别是40%、35%和25%。2018年4月NEI的下降主要来自科技投入和资本投入的下降。科技投入指数从2017年10月开始呈现震荡走势,本月指数录得30.6,环比下降3.0。资本投入指数从2017年9月以来呈缓慢上升趋势,本月停止上升,指数录得31.3,环比下降1.8。劳动力投入指数自2017年7月以来持续缓慢下降,本月环比下降0.4,指数录得27.9(图2)。

分行业看,NEI中占比最大的行业为新一代信息技术与信息服务产业,2018年4月为总指数贡献了8.9个百分点;本月名次上升最快的行业为高端装备制造业,贡献率为4.3个百分点,位列第二名;体育文化和娱乐业贡献率排名下降最多,从上月的第三名下降至本月第五名,贡献率为3.2个百分点(图4)。

三、新经济就业

2018年4月,新经济行业入职平均工资水平环比上升,为每月10420元,较上月上升155元(图5)。新经济工资主要来自51job、智联招聘、拉钩、赶集网等数个招聘网站的招聘信息,即对劳动力的需求工资。

2018年4月新经济行业招聘人数占全国总招聘人数比例有所下降,为27.4%,同时新经济行业招聘总薪酬占全国总薪酬比重略有下降,为28.4%,这意味着新经济行业的平均入职工资水平相对于全国平均入职工资水平出现下降。2018年4月新经济入职工资“溢价”为3.9%,低于上月4.2%(图6)。近几月新经济行业的平均工资溢价总体低于2017年上半年新经济行业的平均工资溢价。

四、从新增企业数据看投资行业变化

使用新增企业数据,我们可以对近两年来各行业新增企业占总新增企业比重进行监测,见图7

排名近两年连续上升的行业包括以下几类:建筑工程,2016年位列第23名,2017年上升到第17名,2018年继续上升到第12名,2017和2018年占比分别上升0.20%和0.13%;建材,2016年位列第19名,2017年上升到第18名,2018年上升到第16名,2017和2018年占比分别上升0.12%和0.06%。

排名近两年持续下降的行业包括以下几类:传播,2016年位列第13名,2017年下降到第19名,2018年继续下降到第22名,2017和2018年占比分别下降0.16%和0.02%;物流,2016年位列第18名,2017年下降到第22名,2018年继续下降到第24名,2017和2018年占比分别变动0.04%和-0.04%。

排名在近两年之间波动变化的行业包括以下几类:贸易,2016年位列第3名,2017年下降到第5名,2018年上升到第3名;电子商务,2016年位列第9名,2017年下降到第16名,2018年上升到第13名;种植,2016年位列第25名,2017年上升到第9名,2018年下降到第21名;文化传媒,2016年位列第22名,2017年下降到第24名,2018年上升到第19名。此外,网络科技、文化、汽车、教育、农业、服务、工程等行业排名也在近两年上下波动。

五、新一代信息技术产业不同环节就业变化

本月我们使用劳动力数据观察新经济中新一代信息技术产业的不同环节的就业变化。我们将芯片工程师、集成电路工程师定义为新一代信息技术产业的产业基础,算法工程师定义为产业链加工环节,并将前端工程师定义为产业链的末端,即面向消费者的环节。我们发现,从2016年1月到2017年上半年,中国的芯片、算法和前端工程师的比例,稳定在1:4:30之间。也就是说,长久以来,中国的新一代信息技术业的产业链一直存在着“头轻脚重”的现象,面向生产者的劳动力需求很少,但是面向消费者的劳动力需求极多。

但是我们同时发现,上面的现象从2017年10月之后出现了显著变化。2017年10月后,面向消费者的前端工程师的需求量显著减少,但算法工程师和芯片工程师的需求量开始增加。尤其是芯片工程师,在2017年10月之后的需求量飙升至2016年1月的4倍以上(图8),并在绝对值上超过了算法工程师。

在图9中我们也能看到,芯片工程师的工资上升幅度也要超过算法工程师和前端工程师。在2018年4月,芯片工程师的平均工资达到了2016年的180%,而前端工程师仅达到了2016年1月的140%。

在美国对中兴实施禁运之际,以上两图的趋势给我们一个好的预期。随着中国2015年兴建的芯片行业开始在最近几年陆续投产,中国将能够逐渐从生产中进行学习。中国新一代信息技术产业链“头轻脚重”的现象也将能得到根本性的改善。

六、城市新经济排名

2018年4月新经济总量城市排名前20名如图10所示,北京、上海、广州、南京、杭州排名前五。该排序计算每个投入指标在所有城市中的排序百分位,再将百分位加权平均,体现的是近半年城市间新经济总量排名。

图11计算了2017年10月到2018年4月城市NEI平均排名,前五名为杭州、上海、北京、广州、济南。

更多咨询敬请联络:

万事达卡

大中华区公共关系副总裁 吴焕宇

电话:+86-10-8519-9304

电邮:

财新智库

财新智库高级经济学家 王喆

电话:+86-10-85905019

电邮:

公关总监 马玲

电话:+86-10-8590-5204

电邮:

BBD(数联铭品)

BBD(数联铭品)首席经济学家 陈沁

电话:+86-28-65290823

电邮:

版权声明

万事达卡财新BBD中国新经济指数,是由财新智库(深圳)投资发展有限公司和成都数联铭品科技公司共同研发,与北京大学国家发展研究院合作,经过近一年努力,于2016年3月2日在北京首发的指数产品,此后每月2日上午10:00发布上月数据。

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April 2018

Mastercard Caixin BBD China New Economy Index

Overview

In April 2018, the Mastercard Caixin BBD New Economy Index (NEI) reading came in at 29.7, indicating that the New Economy accounted for 29.7% of overall economic input activities that month, down 1.6 ppts from March (Chart 1). The declining NEI was due to the decrease of technology input and capital input. New economy is defined as following: 1) human capital intensive, technology intensive and capital light; 2) sustainable rapid growth, and 3) in line with the strategic new industries defined by the government. Please refer to our previous reports (March 2016 and March 2017) for the list of NEI sectors.

Primary Inputs

The NEI includes labor, capital and technology inputs that account for 40%, 35% and 25% of the total weights of the index, respectively. The decline in the April NEI reading came from the decrease of technology input and capital input (Chart 2). Technology input index fluctuated widely since October 2017, coming in at 30.6, with 3.0 MoM decrease. Capital investment showed a slow growth trend since September 2017, but it declined to 31.3 this month, with 1.8 MoM decrease. Labor input index declined moderately since July 2017, decreasing slightly to 27.9 this month, with 0.4 MoM decrease.

Taking the weight into account, percentage changes in labor, capital and technology inputs were -0.1, -0.6, and -0.8 ppts, respectively. The net NEI change was -1.5 ppts in total (Chart 3).

Looking at the sectors, the New IT industry formed the largest proportion of the New Economy Index, contributing 8.9 ppts to NEI. Advanced Equipment Manufacturing was the industry with fastest growth in April, contributing 4.3 ppts and ranking the second. Culture, Sports & Entertainment came fifth from third, the biggest drop in ranking, contributing 3.2 ppts in April (Chart 4).

New Economy Employment

In April 2018, the average monthly entry level salary of the New Economy was RMB 10,420 per month, increasing from last month’s level of RMB 10,265 (Chart 5). New Economy wage information is compiled from online websites of career platforms and recruitment services including 51job and Zhaopin, as well as other sites that list job demands.

Hiring in the New Economy sectors accounted for 27.4% of total hiring in April, slightly lower than the previous month’s 27.7%. At the same time, the total compensation share of New Economy sectors decreased slightly to 28.4%, which meant the average entry salary level of New Economy was lower than national average entry wage level. The entry level salary premium of the New Economy was 3.9% as compared to economy-wide counterparts, decreasing from 4.2% in March (Chart 6). In the recent half year, the average salary premium of the New Economy was lower than the first half year generally.

Decomposition of Newly Established Enterprises

We use newly-established enterprises data to monitor new enterprises in sub-sectors (Chart 7).

Sub-sectors which were continuously ranking up in last 2 years include the following: Architectural Engineering (No.23 in 2016, rising to No.17 and No.12 in 2017 and 2018, 0.20% and 0.13% increase in proportion in 2017 and 2018 respectively); Materials (No. 19 in 2016, rising to No. 18 and No. 16 in 2017 and 2018, 0.12% and 0.06% increase in proportion 2017 and 2018 respectively).

Sub-sectors which were continuously ranking down in 2 last years include the following: Communication (No. 13 in 2016, dropping to No. 19 and No. 22 in 2017 and 2018, 0.16% and 0.02% decrease in proportion 2017 and 2018 respectively); Logistics (No. 18 in 2016, dropping to No. 22 and No. 24 in 2017 and 2018, 0.04% increase and 0.04% decrease in proportion 2017 and 2018 respectively).

Sub-sectors with fluctuating ranks in last 2 years include the following: Trade (No.3 in 2016, dropped to No.5 in 2017 and rose to No 3 in 2018); E-commerce (No.9 in 2016, dropped to No.16 in 2017 and rose to No 13 in 2018); Plantation (No.25 in 2016, rose to No.9 in 2017 and dropped to No 21 in 2018); Media (No.22 in 2016, dropped to No.24 in 2017 and rose to No 19 in 2018). Other subsectors with fluctuating ranks were IT, Culture, Automobile, Education, Agriculture,Service and Engineering.

Employment in Sectors of New IT Industry

We analyze the employment in different sectors of New IT industry. For simplicity, we break value chain in New IT industry into three parts, each of which is represented by some specific job positions.

a)Fundamental: chip engineer and integrated circuit engineer;

b)Operations: algorithm engineer;

c)Delivery: front-end engineer.

From January 2016 to the first half of 2017, the employment recruitment ratio of chip engineers, algorithm engineers and front-end engineers in China was stable at 1:4:30, indicating an imbalance of the New IT industry value chain. The demand for labor in New IT industry is low in manufacturing sectors and remarkably high in sales and service sectors.

However, the employment recruitment ratio changed significantly since half a year ago. After October 2017, the demand for the front-end engineers declined sharply and demand for the chip engineers and the algorithm engineers started to increase. In particular, the demand for the chip engineers soared to more than four times as much since January 2016, surpassing the need for algorithm engineers (Chart 8).

Moreover, the average salary of chip engineers climbed faster than that of algorithm and front-end engineers (Chart 9). In April 2018, the average salary of chip engineers was 80% higher than that in January 2016, in comparison to 40% increase for front-end engineers in the meantime.

In spite of U.S. sanctions on ZTE, we are optimistic on China’s New IT industry based on data above. The chip industry China built in 2015 began production recently, which created demand for qualified engineers. The imbalance will be relieved in the learning-by-doing process.

City Rankings of the New Economy

Based on overall New Economy rankings, the top twenty cities were shown in Chart 10. The top five cities were Beijing, Shanghai, Guangzhou, Nanjing, and Hangzhou. Rankings are based on a weighted average of the percentile rank of indicators for the city in the past 6 months.

Chart 11 showed the average NEI city rankings between October 2017 and April 2018. The top five cities were Hangzhou, Shanghai, Beijing, Guangzhou and Ji’nan.

For further information please contact:

Mastercard

Mr. Wu Huanyu, Director, Communications

Tel:+86-10-8519-9304

Email:

Caixin Insight Group

Dr. Wang Zhe, Senior Economist

Tel:+86-10-85905019

Emails:

Ma Ling, Public Relations

Tel:+86-10-8590-5204

Email:

BBD

Dr. Chen Qin, Chief Economist

Tel:+86-28-65290823

Emails:

The Mastercard Caixin BBD China New Economy Index is the fruit of a research partnership between Caixin Insight Group and BBD, in collaboration with the National Development School, Peking University. The subject of a year of research, the NEI was first publically released on March 2, 2016 and will be issued the 2nd of every month at 10:00am China Standard Time.

About Caixin

Caixin Media is China's leading media group dedicated to providing financial and business news through periodicals, online content, mobile applications, conferences, books and TV/video programs. Caixin Media aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms. Caixin Insight Group is a high-end financial data and analysis platform. For more information, please visitwww.caixin.com.

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardAP and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

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