ts for the 15
th largest industry 12 banking regulatory rules Basel III banking business rules of Basel III come into force as the Unit
ed States tightens monetary policy and continues to withdraw from quantitative easing. If the policy fails, the stock market may fluctuate violently. Protectionism has damaged American industry and world trade, resulting in global economic growth of less than 4% in PPP terms. OPEC and Russia began to release oil, while shale oil production in the United States hit a record low. Oil prices fell to an average of $43 a barrel. 14 infrastructure investment amounted to $21 trillion, half of which was in Asia. The overall sales of retailers increased by 3%, but the con
sumption of e-commerce increased by 22%. More physical stores collapsed. The developmen
t of Internet acce
ss is good in developing countries, and 5g has begun to enter the markets of develope
d countries. It and communications spending increased by 5%. The brexit has affected industries from real estate to finance. British banks face new barriers to doing business, but London remains the financial centre of Europe. The number of tourists in the world has reached 2.5 billion, creating a revenue of 2.5 trillion US dollars. France is th
e biggest destination and China is the biggest source of tourists. 12 progress has been made in green energy.
The United States can formally withdraw from the Paris climate agreement, but China's new rules have stimulated the development of electric veh
icles. 21 emerging markets from Nigeria to Oman have expanded coverage. As a result, global per capita health care spending is over $2511.