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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 exch🌳anges, and collection and credit agencies.
China is the largest cement producer in the world, accounting for 53.7% of global cement output in 2019, according to estimates from the US Geological Survey’s Nation👍al Min💎erals Information Center (USGS). The cement sector in China ...
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In Q3 2020, China’s insurance sector continued to recover as insurance premi💝ums picked up by 9.1% y/y to RMB 980.4bn, of which property insurance stood at RMB 301.5bn, up by 9% y/y, and human insurance was RMB 679bn𝓀, up by 9.2%. The ...
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China’s telecommunications sector saw a stable growth in the third quarter ♏of 2020, with revenue rising by 3.4% y/y to RMB 330.1bn. The total business volume of the 🎐telecom industry for the first three quarters of the year ...
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In Q3 2020, manufacturing operations in China were completely resumed, and most of the pharmaceutical companies increased their production to meet the growing demand. The demand for COVID-19 related drugs, pro🅰tective ...
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China is the largest producer and conﷺsumer of paper and paperboard in the world, according to the White Paper on Sustainable Development of China’s Paper Sector released jointly by China Pape🌄r Association (CPA) and ...
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To satisfy its growing demand for crops and other agricultural products, C🏅hina, the world’s most populous country and second biggest economy, needs fertilis𒉰ers to improve its food supply and demand balance. China uses about 80% of its ...
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In Q2 FY2021, the automotive output volume in India (excluding commercial vehicles) reached 6.5mn units.💮 On a quarterly basis, production increased by 353.1% q/q in&nbꦦsp;Q2 FY2021 (up from 1.4mn units ...
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For the first nine months of 2020, the cumulative value added of China’s iron and steel sector increased by 5.3% y/y. In the third quarter alone, the produ💞ction of pig iron, crude steel and steel products rose by 12% y/y, 10.5% y/y ...
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In the third quarter of 2020, China’s healthcarꦉe sector managed to recover from the🐬 challenging months of the COVID-19 outbreak in the first half of the year. Nevertheless, COVID-19 continued to affect the ...
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The revenue of China’s food s🍬ector in the third quarter of 2020 reached RMB🧸 511.7bn, up by 8.4% y/y. The total profit of the food sector in July-September 2020 surged by 30.3% y/y to RMB 51.6bn. The positive outcomes ...
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