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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 contract꧋s 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.
In the third quarter of 2019, China’s air transportation sector continued to suffer from the temporary grounding of aꦆll 96 of China’s Boeing 737 MAX 8 aircraft after Ethiopia crash in March 2019. The air🥂craft grounding is expected to last ...
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In the third quarter of 2019, China’s economic performance was weaker, growing by 6% y/y, th♎e lowest level in 27 years. The GDP growth for the first nine months of 2019 reached 6.2% y/y. Such dynamics was a result of increasing external ...
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To satisfy its growing demand for crops and other agricultural p🥂roducts, China, the world’s most populous country and second biggest economy, nee♍ds fertilisers to improve its food supply and demand balance. China uses about 80% of its ...
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China is the largest cement producer in the world, accounting for 57.8% of the global cement output in 2💞018, according to estimates from the US Geological Survey’s National 𝔉Minerals Information Center (USGS). The cement sector in China is ...
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China’s beverage sector reported significant revenue growth in the third quarter of 2019, driven by increased sales of soft drinks. The sales of soft drinks in July-ℱSeptꦑember 2019 surged by 27.2% y/y to 54.4mn tonnes. Likewise, the production ...
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Thailand's Agriculture, Forestryꦗ & Fishing sector accounted for 8.1% of national GDP and for 33% of Thailand’s total employment in 2018. Agriculture land claimed 47% of total land in 2018, and paddy fields accounted for half of the ...
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Malaysia has one of the most developed pharmaceuticals and healthcare sector༺s i🥃n the ASEAN region. The country operates a dual public-private healthcare system in which the government, under the Ministry of Health (“MoH”), both regulates ...
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The automotive industry is the backbone of Indian heavy industry, with linkages to the steel, aluminium, rubber, plastic, and glass manufacturing industries, amongst others. Sectors such as logistics, banking and insurance, repair services💫, and fuel ...
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In the third quarter of 2019, Chin🐽a’s pharmaceutical production volume declined by 47% y/y to 304,000 tonnes, while the sales of pharmace💮uticals dropped by 44.2% y/y to 322,700 tonnes. The centralised drug procurement scheme which had been ...
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