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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.
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 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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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 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's automotive sector continued to rank first globally in terms of production and sales in 2022. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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Indonesia's wholesale and retail sector generates about 13% of the country's GDP and provides employment to almost a fifth of the total workforce. The sector's performance has been quite volatile in recent years as the COVID-19 social restrictions ...
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