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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 is the world’s third-largest crude steel producer, third-largest finished steel consumer and the global leader in sponge iron manufacturing. The country claims nearly 6% of the global crude steel production and around 5% of the pig iron ...
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The Indonesian coal sector contributed 1.7% to the country’s GDP in 2015. Indonesia is the largest exporter of thermal coal and the fifth-largest coal producer in the world. Coal production decreased by almost 15% y/y in 2015 as a result of ...
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Food and beverage manufacturing is the largest manufacturing sector in Romania in terms of value added. It accounts for 5%of the GDP of the country. In 2014 the domestic market for food and beverages contracted by 3.7% y/y in line with a GDP slowdown ...
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The Polish insurance market was ranked 12th in the European Union in 2014, according to that year’s gross written premium (GWP). This indicator has been declining since 2012, alongside the sector's share in Poland's GDP – which dropped ...
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Turkey ranks 28th in global mining production and is 10th in the world in terms of variety of underground resources. The country possesses 2.5% of global industrial mineral reserves and 0.4% of world's metallic mineral reserves. It has large amounts ...
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China's healthcare system is hospital-centric, with public hospitals delivering approximately 90% of the inpatient and outpatient care consumed in the country today in both hospitals and basic medical institutions. Nearly 40% of hospitals’ ...
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Construction is one of the most important sectors in the Czech Republic’s economy, generating about 5.6% of the economy’s total gross value added (GVA) 2015. Real estate activities generated about 8.1% of total GVA in 2015. The ...
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There were 19,951 textile enterprises in China at the end of May 2016. The cotton, linen and wool subsectors are consolidated to a great extent, but the chemical fibre subsector is still highly fragmented, although there is an undisputed leader in ...
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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. After the global financial crisis of 2008, a government stimulus package of RMB 4tn was used for ...
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Food manufacturing is one of the most important sectors of China’s economy, as it provides sustenance to almost 20% of the world’s population. The industry also provides an impetus for the development of related sectors such as ...
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