B2B drives market demand, with B2B spending representing 63.9% of total demand in 2020. Ping An Insurance Co of China Ltd is the largest company in China, generating 7.6% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 18.9% of total turnover in 2020. The total number of companies decreases in 2020, to 226,528 units. The costs of the industry remain unchanged in 2020. The industry’s profitability decreases and stands at 1.2% of turnover in 2020, the 19th highest in the region. With turnover of USD172 billion, China accounts for 36.6% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in China: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in China: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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