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Banking and insurance
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.
Tourism is among China’s most important sectors, with total contribution amounting to RMB 9.9tn or 11% of GDP. China’s tourism sector has been dominated by domestic travel over the last decade, supported by rising disposable income, ...
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Agriculture plays a major socio-economic role in Ecuador, accounting for 9.2% of the country’s GDP and 28.3% of formal employment in 2018. During the year, it was also one of the driving forces of the economy, as its GVA expanded by 3.2% y/y, ...
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Indonesia has one of the fastest-growing pharmaceuticals and healthcare sectors in the ASEAN region, in large part due to the government’s active role in encouraging development. Still, Indonesia’s healthcare services provision is ...
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In Q4 2019, China’s total real estate investment (REI) amounted to RMB 3.4tn, up by 8.2% y/y, lower than the 11.8%, 10.4% and 9.9% y/y increase recorded in Q1, Q2 and Q3 2019, respectively. Specifically, the growth rate of residential REI ...
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As home to oil and natural gas reserves that are among the world’s biggest, Russia is an important energy supplier for the global economy. In 2018, the country was the world’s second-largest gas producer, with a 17% share in global output ...
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After the passing of the energy reform at the end of 2013, Mexico’s electric power sector experienced positive results. Between 2014 and 2018, power generation grew at a CAGR of 3.1%, supported by a stable 1.7% average annual increase in ...
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Poland has a developed and diversified chemical industry, which was the eighth-largest one in the EU in 2018. The country is also the home of one of the leading producers of fertilisers, plasticisers, polyeolfins, polystyrene and soda in Europe, ...
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In Q3 FY2020, the production of crude steel in India declined slightly, by 1.5% y/y. At the same time, it rose by 0.5% q/q. The Steel Authority of India (SAIL) accounted for the largest individual share of crude steel production, at 14.8%. Jindal ...
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In the fourth quarter of 2019, China’s production volume of active pharmaceutical ingredients (API) declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the ...
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In the fourth quarter of 2019, China’s air transportation sector witnessed an overall positive performance on the back of the stable air passenger travel demand and the positive developments in the US-China trade war negotiations, which drove ...
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