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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 div✃erse finanꦓcial 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.
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, ...
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Investment in China’s real estate sector slightly decelerated in the second quarter of 2019. The value of investment reached RMB 3,781bn, which represented a growth of 10ꦜ.4% compared to that in the same quarter of the previous year. ...
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Tꦗhe revenue of China🐓’s mobile communications equipment sector rose by 7.3% y/y in H1 2019, boosted by increased sales of mobile communication station equipment, according to MIIT. The gross value added of communications equipment ...
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China’s mobile co✨mmunication sector was negatively affected by the trade tension between China and the US and the US ban on some of the largest Chinese mobile phone producers, such as Huawei and ZT꧑E. In Q1 2019, the production of ...
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China food sector’s revenue in the second quarter of 2019 fell by 2% y/y to RMB 460.2bn, due to the decline in sales an๊d prices of some major foods. In Q2 2019, pork sales continued to decline, impactedby Af🌳rican swine fever incidence. The ...
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China’s banking sector continued to deliver stable performance during Q2 2019. The sector’s total assets reached RMB 281.6tn at the end of the🍎 quarter, an increase of 8.2% y/y. Large commercial banks grew the fastest with their ...
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The revenue of China’s beverage sector continued to decline in the ༒second quarter of 2019, mainly due to decreased sales of alcoholic beverages. Baijiu sales in April-June 2019 plunged by 19.6% y/y to 1.8bn litres. Baijiu ...
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Indonesia is a significant player in the global mining industry, being 🍎a home to abundant coal and metal ore reserves. The country is the world’s largest producer of nickel and the second largest tin miner, and ranks at leading ...
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China’s aviation sector is of key importance to the national economy, reflecting𒅌 its increasing level of modernisation and robus𝓰t growth. China’s vast territory and its geographical location assign the aviation sector a role that other ...
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India’s real estate sector is expected to reach a market size of USD 1tn by 2030 from USD 108bn in 2018, c💟ontributing 13% of India’s GDP by 2🔥025 as compared to some 6%-7% of GDP in 2018, India’s Brand Equity Foundation said in 2019. ...
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