The agriculture sector plays a vital role in the development of the economy. The sector has already contributed toward the economic prosperity of developed countries such as the US, the UK, and Japan. In all these developed economies, the agriculture revolution has preceded the industrial revolution. Currently, developing countries such as India, China, and the Sub-Saharan African region, where the per capita income is low, the emphasis is laid on developing a strong agriculture sector. The contribution of the secondary and tertiary sector to the GDP of economies is always high, however, to sustain the economic growth, the significant contribution also must come from a primary sector of the    economy i.e. agriculture. The growth of In 2017, India was the largest tractor market in terms of unit both these sectors is not supplementary sales. Russia was the fastest but complementary.

重组计划主要内容：优先股+配股+贷款，合计 390 亿港元。（1）国泰航 空计划向 Aviation 2020 Limited（一家根据《财政司司长法团条例》设立 并由财政司司长法团全资拥有的于香港成立的有限公司）发行港币 195 亿 元的优先股及认股权证；（2）向现有股东配发港币 117 亿元的供股股份； （3）Aviation 2020 Limited 向国泰航空提供港币 78 亿元过渡性贷款，并 可即时提取使用。

5 月份，中证军工指数下跌 0.7%（4 月份+8.7%），同期沪深 300 指数下跌 1.2%（4 月份+6.1%）。中证军工指数跑赢大盘 0.4ppt。行业 5 月表现前涨后跌，我们对 6 月份表现持谨慎乐观态度，建议持续关注北斗及卫星互联网主题投资机会。

北京时间 5 月 31 日凌晨，载人龙飞船从美国佛罗里达州肯尼迪航天中心成功 发射，这是人类历史上首次实现商业载人航天发射，标志着商业航天迈入新篇 章。全球航天迎来高密度发射黄金期，2018 年全球航天发射次数达 114 次， 同比增长 25 %，全球发射服务收入总计达 75 亿美元，其中商业发射产出带动 效应相明显，未来有望成为各国发展航天经济的重点。

新冠疫情导致经济面临下滑压力，老基建（高铁+地铁）和新基建（城际和市域）或将成为稳增长和逆周期调节的重要发力点。

Power electronics is an engineering study of converting electrical power from one form to another. The world- wide average rate of 12 billion kilowatts every hour of every day of every year, more than 80% of the power generated is being reprocessed or recycled through some form of power electronic systems. A lot of energy is wasted during this power conversion process due to low power conversion efficiency. It is therefore very important to improve the efficiency of these power conversion systems. With the extensive use of efficient and cost-effective power electronics technology across the globe, the energy consumption is expected to reduce up to 35% during the forecast period. The scope of the report discusses the potential opportunities for the market players to enter the global power electronics for electric vehicle market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.

Off-highway vehicle engines growth is dependent on the growth rate of agricultural and construction machinery industries. Rising agriculture mechanization trend in developing countries and spike in residential and commercial construction projects worldwide are driving the construction and agricultural machinery markets.  The market size in terms of revenue for off-highway vehicle engines is dominated by Construction Machinery type followed, by Agricultural Machinery due to high initial cost of the former equipment type, compared to agricultural Machinery. The global construction machinery market is anticipated to grow, owing to the ongoing demand for construction of smart cities across the world and various mega construction, particularly in developing countries may increase the demand for the market. Out of the available range of Construction Machinery types, Excavators capture majority of the share in terms of revenue. The market for excavators was worth USD 28 billion in 2015 globally and is expected to capture 30% of the overall machinery sales over the forecasted period. Europe and North American Markets remained stable in terms of growth due to sluggish import demand from developing countries.