Magazine Table of Contents
Floods in China are getting more pronounced by the year. In July and August 2023, Beijing was swamped by devastating floods following record rainfall. The rains and the floods caused an estimated economic loss of around $5bn.
Catastrophic climate events have spurred China’s agriculture insurance to move on to a fast track. The government is also chipping in with the necessary support to catalyse its adoption.
China’s growth trends have reversed according to the latest data from its regulators, with most lines of business showing positive returns this year.