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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.
The construction and real estate sector plays an important part in the Indonesian economy. The sector’s combined gross value added (GVA) accounted for 13.3% of the country’s GDP in 2018. The construction sector alone generated 10.5% of ...
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The natural resources and the mining sector are essential for China’s sustainable economic growth. Due to surging power consumption and industrial progress, the country already became the world’s largest consumer of materials such as coal ...
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The first quarter of 2019 witnessed a continuous growth of China’s healthcare sector. The country promoted the implementation of the Healthy China Initiative, as well as ongoing structural reforms in the sector. The period was characterized by ...
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India ranked fifth in renewable energy installed capacity in the world in 2018. Renewable energy sources accounted for around 20.1% of total installed electricity generation capacity in India by the end of FY2018. Wind energy is the dominant form of ...
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In the first quarter of 2019, total retail sales of consumer goods in China rose by 8.3% y/y to RMB 9,779bn, following a 3.5% y/y increase in the last quarter of 2018. The improved performance was attributed to higher retail sales, a result of higher ...
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In the first quarter of 2019, China’s pharmaceutical and medicine production declined by 7.2% y/y to 720,000 tonnes, while the sales of pharmaceuticals went down by 3.4% y/y to 700,460 tonnes. The decline in output can be linked to the ...
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According to the China Iron and Steel Association (CISA), in the first quarter of 2019, China produced 231.1mn tonnes of crude steel and 269.1mn tonnes of steel products, up by 8.9% y/y and 9% y/y, respectively. Data from the National Bureau of ...
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Although Ecuador is the smallest member of the OPEC, the country has a prominent position in the oil and gas sector in Latin America. In 2018, it had the third largest proven oil reserves in the region and was its fifth biggest oil producer. The oil ...
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After the partial restructuring and the slowdown in expansion in 2018, China’s insurance industry welcomed a solid rebound at the beginning of 2019. Total premiums during the first quarter resumed a double-digit annual growth rate of 15.9%, ...
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China food sector’s revenue in the first quarter of 2019 fell by 10.3% y/y to RMB 446.7bn, mainly due to the decline in some major food prices. In Q1 2019, pork price slid by 1.2% y/y. The prices of aquatic products and refined edible vegetable ...
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