Investors cheer tango of old, new economies

BEIJING - In China, old economy and new economy are joining hands, bringing more long-term investment options to the capital market, analysts said.

Old economy refers to traditional sectors and manufacturing, while new economy refers to innovation, internet-based businesses, the digital world, high-tech enterprises, so on.

Insurance may lack the glamor and cachet of tech companies, yet shares of one insurer, which reinvented itself for the 21st century, kept pace with some of the digital darlings last year, suggesting old economy is not redundant.