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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.
Aiming to accelerate industrial transformation and advance its carbon neutrality goals, the Chinese government has actively promoted the development of the new energy vehicle (NEV) industry. As a result, China has experienced rapid growth in NEV ...
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China is the world's largest producer and consumer of alcoholic beverages, producing almost one-half of the world's spirits and nearly one-fifth of the world's beer. In 2025, China's beer production reached 35.4bn litres, rising slightly by 0.4% y/y ...
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According to the National Development and Reform Commission (NDRC), China is the world's largest producer of grain, meat, peanuts, vegetables, and fruits. In 2025, China's grain output reached a record high of 714.9mn tonnes, accounting for about one ...
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China's electric power system ranks among the largest and most rapidly expanding in the world, with coal power continuing to play a significant role in electricity generation. The share of renewable and nuclear energy continues to increase as the ...
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The chemical sector is one of the critical pillars of the Chinese economy. The consistent development of China's chemical sector has been sustained for over two decades, primarily driven by the increased demand from both domestic and international ...
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China is the world's largest producer and exporter of textiles. In 2024, China's production of yarn and cloth reached 22.8mn tonnes and 30.6bn metres, respectively, both ranking first in the world. In 2024, China remained the world's biggest textile ...
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The agribusiness sector plays a significant role in the Chinese economy, generating around 6.8% of the country's total GDP (at constant prices) in 2024, slightly down from 7.1% in 2023. The government has been making efforts to ensure stable and ...
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In recent years, China has been opening its financial services market to global investors and gradually easing access restrictions on foreign financial institutions. Insurance is at the forefront of the country's financial market opening. Since 2019, ...
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Since 2017, China has been the second largest pharmaceutical market, after the US, according to Deloitte, and at the end of 2024 it had a share of 10% of the global pharmaceutical market. According to the National Bureau of Statistics (NBS), the ...
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In 2024, China's total retail sales rose by 3.5% y/y to RMB 48,789bn, indicating the steady growth of the country's consumer market. Due to the crucial role of consumption in the economy, the Chinese government has implemented a series of supportive ...
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