The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Natural gas continues to outpace crude oil as China’s leading hydrocarbon resource in terms of exploration and development. In 2020, China's natural gas output increased by 9.8% y/y to 192.5bcm. Coalbed methane production totalled 6.7bcm, up by ...
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Having made it through the COVID-19 crisis, Chinese manufacturers are now facing another uphill battle: soaring energy prices and power outages, a new reality that is here to stay, at least for a while. Manufacturers, which have been driving ...
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The mining sector plays a crucial role in China’s economy, as it provides coal, iron ore, and numerous non-ferrous minerals, which are essential raw materials for the country’s industry. China is currently the world’s largest ...
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In spite of its long decline in domestic production, Mexico is one of the leading players in the global hydrocarbons industry. The country is among the top 20 producers of crude oil and is one of the largest exporters of the input. The ...
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Like much of the world, Turkey was impacted significantly by the pandemic in 2020. While production facilities were briefly brought to a halt, motor vehicle production was down for a third year in a row, affecting both imports and exports. ...
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Thailand’s real estate sector continued to expand in the past decade as the country developed. Real estate activities are mainly concentrated in the Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC), while ...
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Indonesia’s financial sector was among the few to continue growing during 2020, showing its resilience to external shocks. The sector’s GVA expanded by a real 3% y/y in 2020, the year that brought the country’s first recession ...
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With its young and growing population of 84.3mn, Turkey has a well-developed and competitive consumer goods and retail sector. Strong consumer demand, propelled by its young population, fuels the retail sector, making it one of ...
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Argentina is recognised as a leading global player in the production and export of food and beverages, ranking among the 10 biggest global producers of vegetable oils, soybean by-products, pasta and wine. The sector plays a relevant role in ...
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