by AIP Online Bureau | Nov 8, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
The Hurun Rich list, which ranks China’s wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18% Meanwhile, the number of...
by AIP Online Bureau | Nov 4, 2022 | Eco/Invest/Demography, Health, International News, Non-Life
According to Africa Daily Digital, at least 31 cities in China are under lockdown, which has affected over 232 million people’s lives. The Universal Resort in Beijing too has been shut down as fresh cases of Covid are rising in the capital city Beijing: Chinese...
by AIP Online Bureau | Oct 30, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Workplace/Employee Benefits
China’s zero-tolerance approach to the pandemic has idled factories and up-ended supply chains. Closed loops enable companies to stay operational during lockdowns but take a toll on workers, whose movements are severely limited, with some even required to sleep on...
by AIP Online Bureau | Oct 11, 2022 | Eco/Invest/Demography, International News, Policy
China’s urbanisation rate is already advanced at 64.7%, close to the government’s target of 65% by 2025, following successive liberalisation of the household registration system in recent years. Still, we also expect some rural to urban migration to continue over the...
by AIP Online Bureau | Sep 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Global insurers, meanwhile, are backing away from writing new policies to cover firms investing in China and Taiwan, and costs for political risk coverage have soared more than 60% since Russia’s invasion of Ukraine Insurers are underwriting new policies, but...
