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India’s urban population to stand at 675 mn in 2035, behind China’s 1 bn: UN

by AIP Online Bureau | Jun 30, 2022 | Eco/Invest/Demography, International News

By 2035, the percentage of the population in India at mid-year residing in an urban area will be 43.2 percent, said the United Nations-Habitat’s World Cities Report 2022 China’s urban population in 2035 is projected at 1.05 billion while the urban...

Populous Chinese province kicks off disaster insurance trials

by AIP Online Bureau | Jun 29, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Vietnam may replace China as factory of the world in near future

Vietnam may replace China as factory of the world in near future

by AIP Online Bureau | Jun 25, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy

As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...

AXA XL appoints HaoMing Zhou as country manager, China – Insurance

by AIP Online Bureau | Jun 20, 2022 | International News, Non-Life, Reinsurance

Gilles Fromageot, Regional Manager, Asia, AXA XL said “As the risk landscape and economic conditions continue to evolve, businesses are faced with new challenges every day, further increasing the need for an expert partner.” AXA XL Insurance today announced the...
China’s digital yuan extends usage into finance scenarios

China’s digital yuan extends usage into finance scenarios

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, International News, Technology

Transactions using e-CNY totaled 87.6 billion yuan at the end of 2021, with 261 million individual e-wallets opened, according to the central bank The People’s Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC),...
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