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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.
India’s real estate sector is expected to reach a market size of USD 1tn by 2030 from USD 108bn in 2018, contributing 13% of India’s GDP by 2025 as compared to some 6%-7% of GDP in 2018, India’s Brand Equity Foundation said in 2019. ...
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The global economy recovered moderately in 2018 although different economies grew unevenly amid the volatile international political environment. The supply and demand dynamics in the global oil and gas market fluctuated while the annual ...
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China is the largest agricultural economy globally, consuming and supplying more than half of the world's pork, as well as supplying one third of the horticultural products, rice and cotton, and close to 20% of the world's wheat, maize and ...
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Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, according to ...
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China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a service-oriented one, the government’s priority has become that of ...
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China’s transportation sector is almost entirely dominated by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. The transportation sector saw remarkable improvements in the past ...
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Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more moderate growth of the sector ...
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According to data from the China Iron and Steel Association (CISA), in the second quarter of 2019, China produced 261.1mn tonnes of crude steel and 317.8mn tonnes of steel products, up by 9.3% y/y and 11.9% y/y, respectively. Data from the ...
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The automotive production in China slumped by 9.8% y/y in Q1 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q1 2019, China produced 6.3mn cars compared to 7.02 mn in the same quarter of the previous ...
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In Q4 2018, the sales of motor vehicles in China were 7.6mn units, representing a decline of 13% y/y. Commercial vehicle sales remained relatively flat with a 0.9% y/y growth in Q4 2018, but the sales of passenger cars contracted by 15% y/y. ...
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