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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 real estate sector plays an important role in China's economy. In 2022, the share of the sector's sales revenue in the country's GDP reached nearly 11%. In addition, the real estate sector contributed 23.2% of the country's fixed asset investment ...
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China is the world's largest producer, consumer, and exporter of steel. In 2022, China's output of crude steel reached 1bn tonnes, accounting for 52.6% of the world's total, data from the World Steel Association (WSA) showed. Due to China's enormous ...
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China is the largest producer and consumer of alcoholic beverages in the world, producing one-third of the world's spirits and one-fifth of the world's beer. Its beer production ranked first in the world for 21 consecutive years. In 2022, the ...
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China is the world's largest producer of grain, meat and fruit. In addition, it accounts for half of the global consumption of pork and one-fifth of the global consumption of edible oil. In 2022, the sales revenue of China's food sector rose by 4.3% ...
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In recent years, China has been opening its financial services market to global investors and gradually easing access restrictions on foreign financial institutions. Insurance is at the forefront of the country's financial market opening. Since 2019, ...
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As a result of a low staring point, focused and sustained efforts on the part of the government to invest and attract investments from the private sector, strong public support and robust fundamentals of the domestic economy, the infrastructure ...
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In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy ...
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In the third quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 43.6bn, growing by 6.5% y/y compared to the third quarter of 2022 and by 2% compared to the second quarter of 2023. Mobile telephony services (including mobile ...
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In 2022 and 2023, African countries continued to face extreme headwinds, particularly coming from a combination of factors, including the lingering effects of the COVID-19 pandemic, the slowing global economy, and tighter global financial conditions ...
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