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.
China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...
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The Czech automotive sector’s GVA represents slightly over 5% of the country’s GDP. According to the Czech Automotive Industry Association (SAP), car manufacturers make up a quarter of the country's industrial output and 22% of its ...
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Turkey’s construction sector has experienced rapid growth in recent years, driven by supportive government policy. The state has launched a series of large infrastructure projects and development programmes that have helped the industry become ...
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One of the world’s top 10 food producers, Turkey has a developed food and beverage industry, which both supplies a population of over 80mn and exports. The food and beverage processing sector accounts for 12.7% of Turkey’s total ...
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The oil and gas sector plays an important role in Indonesia’s economy, generating 5.1% of the country’s gross domestic product (GDP) and earning nearly a tenth of export revenues in 2017. The sector was responsible for 5% of the overall ...
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China is the world's most populous country and the largest producer and consumer of fertilisers. The country consumes more than a third of the world’s fertilisers, which is equivalent to the combined consumption of the US and India. The country ...
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China is the world's largest agricultural economy, consuming and supplying more than half of the world's pork, and supplying one-third of its horticultural products, rice, and cotton and close to 20% of he world's wheat, maize, and poultry. The ...
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Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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In the second quarter of 2018 the total passenger traffic continued to decline, going down by 3.5% y/y to 4.4bn persons due to decreased passenger traffic in the highway subsector. In Q2 2018, highway passenger traffic fell by 6.8% y/y to 3.3bn ...
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The railway sector has been playing a vital role in China’s social and economic development. The country relies on railway freight, including that of natural resources such as coal, or metal ores. Dynamic urbanisation and socioeconomic changes, ...
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