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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.
With insurance companies going on with their product restructure during Q3 2018, China's insurance industry retained its upward trend. The quarter saw insurance premiums increase solidly by 13.3% y/y to RMB 829.9bn. In January-September, premiums ...
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The third quarter of 2018 witnessed a continuous growth of China’s healthcare sector, mostly driven by the online healthcare segment. The growth was attributed to increasing demand for quality healthcare, stimulated by the country’s ...
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China communications equipment sector’s revenue in the first three quarters of 2018 rose by 11% y/y, driven by increased sales of mobile communication station equipment, according to a report released by the Ministry of Industry and Information ...
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China’s beverage sector revenue continued to decline in the third quarter of 2018, mainly due to decreased sales of soft drinks and baijiu. Beverage retail sales in July-September 2018 dropped by 16.5% y/y to RMB 52.5bn. Baijiu sales in ...
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The revenue of China’s automotive sector in Q3 2018 dropped by 10.3% y/y to RMB 1,895.1bn, mainly due to declined sales of automobiles. In Q3 2018, automotive sales fell by 6.5% y/y to 6.4mn units following the slowdown of the Chinese economy ...
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China food sector’s revenue in the third quarter of 2018 slumped by 27.5% y/y to RMB 406.1bn, mainly due to declined prices of meat and refined edible vegetable oil. Meat prices in the first nine months of 2018 slipped by 5.3% y/y because of a ...
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China paper sector’s revenue in the third quarter of 2018 fell by 16.5% y/y to RMB 336.7bn, due to decreased sales and prices of paper and paper products. In Q3 2018, sales volume of machine–made paper and paperboard dropped by 13.1% y/y ...
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The Russian banking sector is slowly recovering from the serious blow it suffered in 2015-2016, when the economy swung into a recession triggered by low oil prices and Western sanctions in response to Russia’s annexation of the Crimean ...
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The automotive industry is a strategic sector for the Romanian economy. In 2016, the manufacture of motor vehicles and other transport equipment (which includes the production of both vehicles and car components) generated 3% of total gross value ...
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Thailand is the world's 51st-largest country by area, the 20th-biggest by population, and the 28th-largest in terms of the size of its economy. Its food and beverages sector, among the most developed in the world, is the country’s third-largest ...
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