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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 Chinese food sector’s revenue in the second quarter of 2020 reached RM🍎B 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...
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In the second quarter of 2020, th👍e performance of China’s chemical sector improved under the influence of multiple favourable factors such as the reduction of cost pressure, recovery of market demand, and the effect of&n༺bsp;relevant ...
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China beverage sector’s revenue decreased by 0.1% y/y to RMB 383.9bn in t🔜he second quarter of 2020, reflecting the fallout of the coronavirus pandemic. Beverage retail sales in April-June 2020 increased by 9.4% y/y to RMB 55.9bn, ...
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Supported by a reboun✨d of economic growth and an array of government 🍌policies to stimulate car consumption, the automotive sector in China witnessed double-digit growth both in production and sales during Q2 2020. The automotive production ...
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Southeast Asia holds an estimated 45.7 Bbbl of crude oil reserves as of end-2019, according to data published in 𓆏the 2020 edition of BP Statistical Review of World Energy. This translates into a global share of 2.6% ...
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In the fourth quarter of 2019, China’s production volume of API declined by 12.7% y/y to 633,000 tonnes, mainly due to𒀰 the environment-driven production cuts. The decline in output dragged down the sales volume of API, which drꦰopped ...
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China produces one-third of the world’s meat, a quarter of the world’s fruit, and a quarter of the world’s beer. It consumes half of the world’s vegetables and a third of the world’s baijiu. It is ♏also the ...
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As one of the world&ꦺrsquo;s largest economies, China relies heavily on coal to ensure the stable operation of its main industries, including power generation and steel. Domestic demand is satisfied by vast domestic deposits and imports ...
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China&rsquo💃;s construction sec🍎tor has seen tremendous growth over the past years and continues to show great potential despite the current market hardships brought by the COVID-19 global pandemic. The construction industry is of crucial ...
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With i💎ts huge industry, China is the world’s largest consumer of all kinds of base metal﷽s, as well as the largest producer of metal products. The country is also the biggest producer of iron, aluminium, lead and zinc in the world. ...
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